Allred L. Chance 4
4 · Vivint Solar, Inc. · Filed Sep 9, 2020
Insider Transaction Report
Form 4
Allred L. Chance
Vice President, Sales
Transactions
- Sale
Common Stock
2020-09-08$25.85/sh−7,713$199,359→ 184,325 total - Award
Stock Option (Right to Buy
2020-09-08+7,928→ 7,928 totalExercise: $28.29Exp: 2030-09-08→ Common Stock (7,928 underlying) - Award
Common Stock
2020-09-08+5,302→ 189,567 total - Sale
Common Stock
2020-09-08$28.07/sh−60$1,684→ 184,265 total
Footnotes (4)
- [F1]These shares were disposed of pursuant to the reporting person's Rule 10b5-1 trading plan in non-discretionary transactions to cover the reporting person's tax withholding obligations in connection with the settlement of an award of restricted stock units.
- [F2]The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $25.78 to $25.97, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- [F3]Represents restricted stock units ("RSUs") granted pursuant to the 2014 Equity Incentive Plan (the "Plan") which can only be settled with shares of common stock. 25% of the shares subject to this award will vest on September 6, 2021, and on each of the next 12 RSU quarterly vesting dates, 1/16 of the shares subject to this award will vest, subject to the Reporting Person's continued service to the Issuer or any subsidiary of the Issuer through such date.
- [F4]25% of the Shares subject to this option will vest on September 6, 2021, and on each of the next 12 quarterly vesting dates, 1/16 of the shares subject to this option will vest, subject to the Reporting Person's continued service to the Issuer or any subsidiary of the Issuer through such date.