STEELE GREG 4
4 · Enphase Energy, Inc. · Filed Jun 19, 2012
Insider Transaction Report
Form 4
STEELE GREG
VP, Operations
Transactions
- Award
Restricted Stock Units
2012-06-15−7,000→ 7,000 total→ Common Stock (7,000 underlying)
Footnotes (1)
- [F1]Each restricted stock unit ("RSU") is granted pursuant to the 2011 Equity Incentive Plan (the "Plan"), and represents a contingent right to receive one share of Common Stock of the Issuer, subject to the following vesting schedule: one-sixth of the RSU vests on November 15, 2012, and the balance vests in ten (10) equal, successive quarterly installments, so long as the Reporting Person remains in Continuous Service (as defined in the Plan) from the issuance date through each such vesting date.