Filing Details
- Accession Number:
- 0001494727-17-000001
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-05-10 21:35:35
- Reporting Period:
- 2017-05-08
- Filing Date:
- 2017-05-10
- Accepted Time:
- 2017-05-10 21:35:35
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1318605 | Tesla Inc. | TSLA | Motor Vehicles & Passenger Car Bodies (3711) | 912197729 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1494727 | B Jeffrey Straubel | C/O Tesla, Inc 3500 Deer Creek Road Palo Alto CA 94304 | Chief Technical Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2017-05-08 | 109,593 | $14.17 | 435,922 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-05-08 | 7,057 | $14.17 | 442,979 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-05-08 | 2,450 | $14.17 | 445,429 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-05-08 | 39,203 | $306.60 | 406,226 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-05-08 | 45,682 | $307.33 | 360,544 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-05-08 | 9,234 | $308.41 | 351,310 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-05-08 | 6,072 | $309.46 | 345,238 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-05-08 | 5,409 | $310.28 | 339,829 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-05-08 | 400 | $311.29 | 339,429 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-05-09 | 100 | $318.79 | 339,329 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-05-09 | 1,074 | $319.66 | 338,255 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-05-09 | 1,500 | $320.81 | 336,755 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-05-09 | 426 | $321.48 | 336,329 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2017-05-09 | 4,209 | $28.45 | 340,538 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-05-09 | 7,493 | $31.49 | 348,031 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2017-05-09 | 270 | $249.92 | 348,301 | No | 4 | M | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Incentive Stock Option (right to buy) | Disposition | 2017-05-09 | 4,209 | $0.00 | 4,209 | $28.45 |
| Common Stock | Incentive Stock Option (right to buy) | Disposition | 2017-05-09 | 7,493 | $0.00 | 7,493 | $31.49 |
| Common Stock | Incentive Stock Option (right to buy) | Disposition | 2017-05-09 | 270 | $0.00 | 270 | $249.92 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2017-05-08 | 2,450 | $0.00 | 2,450 | $14.17 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2017-05-08 | 109,593 | $0.00 | 109,593 | $14.17 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2017-05-08 | 7,057 | $0.00 | 7,057 | $14.17 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2021-01-10 | No | 4 | M | Direct | |
| 0 | 2022-02-13 | No | 4 | M | Direct | |
| 1,467 | 2026-04-11 | No | 4 | M | Direct | |
| 0 | 2017-06-11 | No | 4 | M | Direct | |
| 0 | 2017-06-11 | No | 4 | M | Direct | |
| 0 | 2017-06-11 | No | 4 | M | Direct |
Footnotes
- On May 8, 2017, the reporting person exercised long held stock options to purchase 119,100 shares of Tesla's common stock. These stock options were set to expire on June 11, 2017 if left unexercised. On May 9, 2017, the reporting person exercised additional stock options to purchase 11,972 shares of Tesla common stock. In connection with these exercises, the reporting person incurred significant exercise costs and tax liability. A substantial portion of the shares sold pursuant to transactions reported on this Form 4 was used to cover such exercise costs and tax liability. The net effect of the transactions reported on this Form 4 is to increase the reporting person's holdings in Tesla by 22,064 shares.
- Amount of securities beneficially owned includes 92 shares acquired under the Tesla, Inc. Employee Stock Purchase Plan on February 28, 2017.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $305.99 to $306.98, 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 for this in this footnote.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $306.99 to $307.98, 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 for this in this footnote.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $307.99 to $308.98, 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 for this in this footnote.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $308.99 to $309.98, 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 for this in this footnote.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $309.99 to $310.95, 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 for this in this footnote.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $311.00 to $311.46, 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 for this in this footnote.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $319.20 to $320.04, 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 for this in this footnote.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $320.24 to $321.24, 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 for this in this footnote.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $321.32 to $321.64, 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 for this in this footnote.
- 1/48th of the shares subject to the option will vest on each monthly anniversary of the grant date, so that all such shares will be vested as of the fourth anniversary of the grant date.
- 1/8th of the shares subject to the option became vested and exercisable on October 11, 2016 and 1/48th of the shares subject to the option shall become vested and exercisable every month thereafter.
- 1/48th of the shares subject to the option become vested and exercisable on July 3, 2010 and each month thereafter.
- Shares subject to the option become vested and exercisable upon the Issuer's achievement of certain performance objectives set forth in the option agreement.
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