AI assistant
Enphase Energy, Inc. — Director's Dealing 2017
May 24, 2017
31064_dirs_2017-05-24_f12124f6-93fb-470e-9ac5-40ceee9bec82.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Enphase Energy, Inc. (ENPH)
CIK: 0001463101
Period of Report: 2017-05-01
Reporting Person: Garcia Humberto (VP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-05-01 | Restricted Stock Units | A | 528 | — | Acquired | 63100 | Direct |
| 2017-05-01 | Restricted Stock Units | A | 3083 | — | Acquired | 66183 | Direct |
| 2017-05-01 | Restricted Stock Units | A | 528 | — | Acquired | 66711 | Direct |
| 2017-05-01 | Restricted Stock Units | A | 1082 | — | Acquired | 67793 | Direct |
| 2017-05-01 | Restricted Stock Units | A | 3584 | — | Acquired | 71377 | Direct |
| 2017-05-01 | Restricted Stock Units | A | 5599 | — | Acquired | 76976 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-05-01 | Stock Option (Right to Buy) | $4.086 | D | 1320 | Disposed | 2021-05-04 | Common Stock (1320.0) | Direct |
| 2017-05-01 | Stock Option (Right to Buy) | $9.534 | D | 11013 | Disposed | 2021-08-22 | Common Stock (11013.0) | Direct |
| 2017-05-01 | Stock Option (Right to Buy) | $11.0 | D | 1887 | Disposed | 2022-03-11 | Common Stock (1887.0) | Direct |
| 2017-05-01 | Stock Option (Right to Buy) | $6.9 | D | 3609 | Disposed | 2022-05-30 | Common Stock (3609.0) | Direct |
| 2017-05-01 | Stock Option (Right to Buy) | $7.68 | D | 12804 | Disposed | 2020-06-30 | Common Stock (12804.0) | Direct |
| 2017-05-01 | Stock Option (Right to Buy) | $9.69 | D | 20000 | Disposed | 2021-07-13 | Common Stock (20000.0) | Direct |
Footnotes
F1: The restricted stock units ("RSUs") will vest as follows: Any vested portion of the canceled option is subject to a new one-year cliff vesting date with 100% of such portion of the RSU vesting on May 15, 2018. Any portion of a new RSU issued in exchange for the unvested portion of the canceled option will continue to vest over the remainder of the original vesting period of the unvested portion of the option; however, the new RSU will vest and shares will be issued on a quarterly vesting schedule with fixed vesting dates occurring on February 15, May 15, August 15 and November 15 each year. The first new RSU Vesting Date for the portion of the new RSU issued in exchange for the unvested portion of a canceled option will be August 15, 2017.
F2: On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on May 5, 2011. In exchange for the option, the reporting person received 528 shares of RSUs.
F3: This total corrects the total aggregate number of shares following the transaction previously reported by the reporting person on May 17, 2017.
F4: On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on August 23, 2011. In exchange for the option, the reporting person received 3,083 shares of RSUs.
F5: On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on March 12, 2012. In exchange for the option, the reporting person received 528 shares of RSUs.
F6: On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on May 31, 2012. In exchange for the option, the reporting person received 1,082 shares of RSUs.
F7: On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on July 1, 2013. In exchange for the option, the reporting person received 3,584 shares of RSUs.
F8: On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on July 14, 2014. In exchange for the option, the reporting person received 5,599 shares of RSUs.
F9: The canceled option provided vesting in variable installments over a four-year period commencing January 21, 2012.
F10: The canceled option provided vesting in variable installments over a four-year period commencing February 4, 2012.
F11: The canceled option provided vesting in 48 equal successive installments over a four-year period commencing April 12, 2012.
F12: The canceled option provided vesting in 48 equal successive installments over a four-year period commencing June 30, 2012.
F13: The canceled option provided vesting in 48 equal successive installments over a four-year period commencing May 10, 2013.
F14: The canceled option provided vesting in 48 equal successive installments over a four-year period commencing January 1, 2015.