Enphase Energy, Inc. — Director's Dealing 2015

Mar 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Enphase Energy, Inc. (ENPH)
CIK: 0001463101
Period of Report: 2015-03-02

Reporting Person: LOEBBAKA JEFF (VP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-02	Common Stock	M	2660	$1.63	Acquired	108847	Direct
2015-03-02	Common Stock	S	2660	$13.86	Disposed	106187	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-02	Option (right to buy)	$1.63	M	2660	Disposed	2020-06-02	Common Stock (2660)	Direct

Footnotes

F1: 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.

F2: 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.