Enphase Energy, Inc. — Director's Dealing 2014

Sep 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Enphase Energy, Inc. (ENPH)
CIK: 0001463101
Period of Report: 2014-09-02

Reporting Person: LOEBBAKA JEFF (SVP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-02	Common Stock	M	6650	$1.6344	Acquired	94775	Direct
2014-09-02	Common Stock	S	6650	$14.09	Disposed	88125	Direct
2014-09-04	Common Stock	M	6650	$1.6344	Acquired	94775	Direct
2014-09-04	Common Stock	S	6650	$15.00	Disposed	88125	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-02	Non-qualified stock option (right to buy)	$1.6344	M	6650	Disposed	2020-06-02	Common Stock (6650)	Direct
2014-09-04	Non-qualified stock option (right to buy)	$1.6344	M	4881	Disposed	2020-06-02	Common Stock (4881)	Direct
2014-09-04	Incentive Stock Option (right to buy)	$1.6344	M	1769	Disposed	2020-06-02	Common Stock (1769)	Direct

Footnotes

F1: When both ISO and NQ Stock Options granted on 6/3/2010 are combined, they vest over 4 years of continuous service as follows: 1/4th of the shares vested on May 1, 2011, with the remainder vesting in 36 equal monthly installments on the first day of each succeeding calendar month thereafter.

F2: The option exercises and shares sold as reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 29, 2014.