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4//SEC Filing

Enphase Energy, Inc. 4

Accession 0001463101-17-000071

$ENPHCIK 0001463101operating
View on SEC.govCompany Profile

Filed

May 23, 8:00 PM ET

Accepted

May 24, 4:16 PM ET

Size

17.1 KB

Accession

0001463101-17-000071

Insider Transaction Report

Form 4
Period: 2017-05-01
Enphase Energy, Inc.ENPH
NAHI PAUL B
DirectorPresident and CEO
Transactions
  • Award

    Restricted Stock Units

    2017-05-01+28,000→ 589,881 total
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-05-01−182,000→ 0 total
    Exercise: $8.43Exp: 2022-05-10→ Common Stock (182,000 underlying)
  • Award

    Restricted Stock Units

    2017-05-01+50,959→ 561,881 total
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-05-01−100,000→ 0 total
    Exercise: $7.50Exp: 2020-05-01→ Common Stock (100,000 underlying)
  • Award

    Restricted Stock Units

    2017-05-01+27,999→ 617,880 total
  • Disposition to Issuer

    Stock Option (Right to Buy)

    2017-05-01−100,000→ 0 total
    Exercise: $9.05Exp: 2022-06-16→ Common Stock (100,000 underlying)
Holdings

  • Common Stock

    (indirect: By Trust)
    55,066

  • Common Stock

    (indirect: By Trust)
    501,822
Footnotes (9)
  • [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 11, 2012. In exchange for the option, the reporting person received 50,959 shares of RSUs.
  • [F3]On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on May 2, 2013. In exchange for the option, the reporting person received 28,000 shares of RSUs.
  • [F4]On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on June 17, 2015. In exchange for the option, the reporting person received 27,999 shares of RSUs.
  • [F5]The shares are held in trust for Mr. Nahi's children. Mr. Nahi disclaims beneficial ownership of the shares.
  • [F6]Reflects shares transferred on August 4, 2016 to the Nahi Family Revocable Living Trust.
  • [F7]The canceled option provided vesting in 48 equal successive installments over a four-year period commencing April 10, 2013.
  • [F8]The canceled option provided vesting in 48 equal successive installments over a four-year period commencing May 11, 2012.
  • [F9]The canceled option provided vesting in 48 equal successive installments over a four-year period commencing June 1, 2015.

Documents

1 file

Issuer

Enphase Energy, Inc.

CIK 0001463101

→
Entity typeoperating
IncorporatedDE

Related Parties

1
  • filerCIK 0001463101

Filing Metadata

Form type
4
Filed
May 23, 8:00 PM ET
Accepted
May 24, 4:16 PM ET
Size
17.1 KB
View on SEC.gov