Tesla, Inc. — Director's Dealing 2019

Jun 6, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Tesla, Inc. (TSLA)
CIK: 0001318605
Period of Report: 2019-06-03

Reporting Person: Gracias Antonio J. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-03	Common Stock	M	9000	$29.66	Acquired	14232	Direct
2019-06-03	Common Stock	M	12000	$29.66	Acquired	26232	Direct
2019-06-03	Common Stock	M	2000	$29.66	Acquired	28232	Direct
2019-06-03	Common Stock	M	6000	$29.66	Acquired	34232	Direct
2019-06-03	Common Stock	S	5057	$177.704	Disposed	29175	Direct
2019-06-03	Common Stock	S	7710	$178.623	Disposed	21465	Direct
2019-06-03	Common Stock	S	4800	$179.467	Disposed	16665	Direct
2019-06-03	Common Stock	S	2400	$180.393	Disposed	14265	Direct
2019-06-03	Common Stock	S	4300	$181.682	Disposed	9965	Direct
2019-06-03	Common Stock	S	6599	$182.531	Disposed	3366	Direct
2019-06-03	Common Stock	S	2000	$183.578	Disposed	1366	Direct
2019-06-03	Common Stock	S	600	$184.75	Disposed	766	Direct
2019-06-03	Common Stock	S	300	$185.706	Disposed	466	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-03	Non-Qualified Stock Option (right to buy)	$29.66	M	9000	Disposed	2019-06-12	Common Stock (9000)	Direct
2019-06-03	Non-Qualified Stock Option (right to buy)	$29.66	M	12000	Disposed	2019-06-12	Common Stock (12000)	Direct
2019-06-03	Non-Qualified Stock Option (right to buy)	$29.66	M	2000	Disposed	2019-06-12	Common Stock (2000)	Direct
2019-06-03	Non-Qualified Stock Option (right to buy)	$29.66	M	6000	Disposed	2019-06-12	Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	271778	Indirect
Common Stock	4253	Indirect

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 5, 2018.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.110 to $178.100, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.110 to $179.100, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.120 to $180.100, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $180.120 to $181.050, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F6: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $181.210 to $182.190, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F7: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $182.210 to $183.090, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F8: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $183.240 to $184.010, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F9: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $184.350 to $185.150 inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F10: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $185.440 to $185.905 inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F11: These shares are owned directly by AJG Growth Fund LLC. The reporting person is the manager of AJG Growth Fund LLC and may be deemed to have an indirect pecuniary interest in the shares owned by AJG Growth Fund LLC. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.

F12: These shares are owned directly by Valor Equity Management II, LP. The reporting person is the manager of Valor Equity Management II, LP and may be deemed to have an indirect pecuniary interest in the shares owned by Valor Equity Management II, LP. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.

F13: This stock option award is a triennial equity award granted pursuant to the Company's 2010 Equity Incentive Plan and Outside Director Compensation Policy. 1/36th of the shares granted became vested and exercisable as of each monthly anniversary beginning on July 12, 2012, such that all shares subject to the Option became fully vested and exercisable by June 12, 2015.

F14: Reflects sequential exercises of the same stock option award, such that following these exercises, there remained 0 shares subject to this option.