SEC Form 4 · accession 0001209191-18-055614
Bloom Energy Corp · BE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Colin Powell
Director
Period of report
Jul 24, 2018
Accepted (ET)
Oct 18, 2018 · 8:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001664703
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (RSU) (Class B Common Stock)F1,F2,F3 | — | Jul 24, 2018 | A | 103,300 | A | — | — | Class B Common Stock | 103,300 | 103,300 | D |
Explanation of responses
- F1Each RSU represents a contingent right to receive 1 share of the Issuer's Class B Common Stock upon settlement.
- F2The RSU vests over two years at six month intervals from July 24, 2018 and during an open trading window, subject to the Issuer's Insider Trading Policy and the reporting person's continuous service with the Issuer through each vesting date.
- F3The Class B Common Stock is convertible into the Issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option; or (b) upon any transfer except certain permitted transfers. All the outstanding shares of Class B Common Stock will convert automatically into shares of Class A common stock upon the date that is the earliest to occur of (i) immediately prior to the close of business on the fifth anniversary of July 27, 2018, (ii) immediately prior to the close of business on the date on which the outstanding shares of Class B Common Stock represent less than five percent (5%) of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding, (iii) the date and time, or the occurrence of an event, specified in a written conversion election delivered by KR Sridhar to the Secretary or Chairman of the Board to so convert all shares of Class B Common Stock, or (iv) immediately following the date of the death of KR Sridhar.