SEC Form 4 · accession 0000945436-15-000083
SUNEDISON, INC. · SUNEQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A Ranhoff
Officer — SVP; President Solar Materials
Period of report
Jun 5, 2013
Accepted (ET)
Mar 18, 2015 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000945436
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 5, 2013 | F | 4,698 | $7.89 | D | 45,302 | D | |
| Common StockF3 | Mar 16, 2015 | M | 100,000 | $3.27 | A | 230,604 | D | |
| Common StockF3,F4 | Mar 16, 2015 | S | 100,000 | $24.0017 | D | 130,604 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F5,F6 | $3.27 | Mar 16, 2015 | M | 100,000 | D | — | Sep 18, 2022 | Common Stock | 100,000 | 97,000 | D |
Explanation of responses
- F1The forfeiture of shares to cover the tax obligation on the vesting of 12,500 RSUs from Reporting Person's June 5, 2012 award was inadvertently not filed.
- F2This represents the number of securities beneficially owned by Reporting Person as of June 5, 2013.
- F3The exercise and sale of shares by Reporting Person was done during an open trading period.
- F4This price represents the weighted average sale price for multiple transactions on this line. The prices of the transactions reported on this line ranged from $23.78 to $24.135, inclusive. Upon request by the SEC staff, the Issuer or any Security Holder of the Issuer, Reporting Person will provide full information regarding the number of shares and prices at which the transactions were effected.
- F5The option to purchase 197,000 shares of common stock was awarded on September 18, 2012 under Issuer's 2010 Equity Incentive Plan in a transaction exempt under Rule 16b-3. The option is performance based option and will vest, if at all, in 33% increments if Issuer's stock achieves certain target market prices. The option award vested in the following tranches: June 21, 2014 - 65,667; and December 3, 2014 - 65,666.
- F6The option expires on the tenth anniversary of the grant date, provided that if the target market prices are not achieved by the fifth anniversary of the grant date, any remaining unvested portion of the option will be cancelled.