SEC Form 4 · accession 0001209191-18-058019
Vivint Solar, Inc. · VSLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul S. Dickson
Officer — Chief Revenue Officer
Period of report
Nov 7, 2018
Accepted (ET)
Nov 9, 2018 · 6:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001607716
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 7, 2018 | M | 132,157 | $1.00 | A | 377,161 | D | |
| Common Stock | Nov 7, 2018 | S | 132,157 | $5.75 | D | 245,004 | D | |
| Common Stock | Nov 8, 2018 | M | 16,164 | $3.45 | A | 261,168 | D | |
| Common Stock | Nov 8, 2018 | M | 44,445 | $1.30 | A | 305,613 | D | |
| Common StockF2 | Nov 8, 2018 | S | 107,202 | $5.8652 | D | 198,411 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $1.00 | Nov 7, 2018 | M | 132,157 | D | — | Jul 11, 2023 | Common Stock | 132,157 | 179,019 | D |
| Stock Option (Right to Buy)F4 | $1.30 | Nov 8, 2018 | M | 44,445 | D | — | Jan 23, 2024 | Common Stock | 44,445 | 5,555 | D |
| Stock Option (Right to Buy)F5 | $3.45 | Nov 8, 2018 | M | 16,164 | D | — | Oct 2, 2027 | Common Stock | 16,164 | 48,491 | D |
Explanation of responses
- F1The sales reported by Mr. Dickson were effected pursuant to a Rule 10b5-1 trading plan.
- F2The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $5.85 to $5.88, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- F3This option is vested as to 262,157 shares. 49,019 unvested shares subject to the original grant vest on May 15, 2019 or, if earlier, when 313 Acquisition LLC receives cash proceeds with respect to its holdings of the issuer's common stock in an amount that equals $500 million more than its cumulative investment in the Issuer's common stock.
- F4This option is vested as to 44,445 shares. The remaining 5,555 unvested shares subject to the original grant vest on May 15, 2019 or, if earlier, when 313 Acquisition LLC receives cash proceeds with respect to its holdings of the issuer's common stock in an amount that equals $500 million more than its cumulative investment in the issuer's common stock.
- F525% of the shares subject to this award vested on September 6, 2018, and 1/16th of the shares subject to this award will vest on each quarterly vesting date thereafter. The term "quarterly vesting date" shall mean the sixth day of March, June, September and December of any fiscal year, as applicable.