Sunrun Inc. — Director's Dealing 2018

May 31, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Sunrun Inc. (RUN)
CIK: 0001469367
Period of Report: 2018-05-21

Reporting Person: STEELE JEANNA (General Counsel)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	71450	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$9.17	2025-04-09	Common Stock (20000.0)		Direct
Employee Stock Option (right to buy)	$8.05	2028-03-19	Common Stock (45000.0)		Direct

Footnotes

F1: 10,000 shares are represented by restricted stock units (each, an RSU). Each RSU represents a contingent right to receive one share upon settlement. 25% of these RSUs vested on February 11, 2017, and the remaining RSUs vest in equal quarterly installments thereafter, subject to the Reporting Person's continued service through each vesting date.

F2: 15,000 shares are represented by RSUs. Each RSU represents a contingent right to receive one share upon settlement. 25% of these RSUs vested on May 5, 2017, and the remaining RSUs vest in equal quarterly installments thereafter, subject to the Reporting Person's continued service through each vesting date.

F3: 21,700 shares are represented by RSUs. Each RSU represents a contingent right to receive one share upon settlement. 1/24 of these RSUs vested on January 1, 2017, and the remaining RSUs vest in equal monthly installments thereafter, subject to the Reporting Person's continued service through each vesting date.

F4: 5,800 shares are represented by RSUs. Each RSU represents a contingent right to receive one share upon settlement. 25% of these RSUs vested on March 15, 2018, and the remaining RSUs vest in equal quarterly installments thereafter, subject to the Reporting Person's continued service through each vesting date.

F5: 18,600 shares are represented by RSUs. Each RSU represents a contingent right to receive one share upon settlement. 25% of these RSUs vest on March 15, 2019, and the remaining RSUs vest in equal quarterly installments thereafter, subject to the Reporting Person's continued service through each vesting date.

F6: Balance includes non-reportable acquisition of 350 shares of Common Stock through the Fidelity Directed Share Plan.

F7: 25% of the shares subject to the option vested on March 9, 2016, and 1/48 of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.

F8: 25% of the shares subject to the option vest on March 15, 2019, and 1/48 of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.