Enphase Energy, Inc. — Director's Dealing 2016

May 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Enphase Energy, Inc. (ENPH)
CIK: 0001463101
Period of Report: 2016-04-28

Reporting Person: MORA RICHARD (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-28	Stock Option (Right to Buy)	$2.58	A	49788	Acquired	2023-04-27	Common Stock (49788)	Direct

Footnotes

F1: Issued pursuant to the 2011 Equity Incentive Plan.

F2: Such option will vest in twelve (12) equal monthly installments from the grant date, such that the option is fully vested on the one-year anniversary of the date of grant, subject to the Director's Continuous Service (as defined in the 2011 Equity Incentive Plan).