4//SEC Filing
Garcia Humberto 4
Accession 0001463101-18-000036
CIK 0001463101other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 5:56 PM ET
Size
10.1 KB
Accession
0001463101-18-000036
Insider Transaction Report
Form 4
Garcia Humberto
VP and CFO
Transactions
- Award
Restricted Stock Units
2018-04-03+20,000→ 551,124 total - Award
Restricted Stock Units
2018-04-03+15,000→ 15,000 totalExp: 2019-03-29→ Common Stock (15,000 underlying) - Award
Restricted Stock Units
2018-04-03+15,000→ 15,000 total→ Common Stock (15,000 underlying)
Footnotes (6)
- [F1]Issued pursuant to the 2011 Equity Incentive Plan.
- [F2]The RSUs will vest as follows: 50% on March 29, 2019 and 50% on March 29, 2020, subject to the employee remaining an employee in good standing in the same or a similar role on such vesting dates.
- [F3]Grant is of performance-based stock units.
- [F4]Performance shares are eligible to vest on March 29, 2019, based upon the 15-day trailing volume weighted average price per share of Enphase stock as of December 31, 2018 ("VWAP"), as follows: no vesting if VWAP is less than or equal to $3.00; 0% to 150% vesting, calculated linearly, if VWAP is between $3.01 and $6.00.
- [F5]RSUs expire March 29, 2019 if, or to the extent, vesting conditions are not met.
- [F6]Performance shares are eligible to vest on March 29, 2019, based upon achievement of 2018 annual CEO goals measured for the year ended December 31, 2018, as follows: no vesting if 2018 CEO goals completed are less than 65% of total goals; 50% vesting if greater than 65% but less than 80% of goals are completed; 100% if greater than 80% but less than 100% of goals are completed; and 150% vesting if greater than 100% of goals are completed.
Documents
Issuer
Enphase Energy, Inc.
CIK 0001463101
Entity typeother
Related Parties
1- filerCIK 0001682076
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 5:56 PM ET
- Size
- 10.1 KB