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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1463101	Enphase Energy Inc.	ENPH	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1352816	Eric Branderiz	C/O Enphase Energy, Inc. 47281 Bayside Parkway Fremont CA 94538	Vp & Chief Financial 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
Common Stock	Acquisiton	2019-03-18	55,500	$0.00	402,126	No	4	M	Direct
Common Stock	Disposition	2019-03-19	21,487	$8.88	380,639	No	4	S	Direct
Common Stock	Acquisiton	2019-03-18	25,000	$0.00	405,639	No	4	M	Direct
Common Stock	Disposition	2019-03-19	9,448	$8.88	396,191	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2019-03-18	55,500	$0.00	55,500	$0.00
Common Stock	Restricted Stock Units	Disposition	2019-03-18	25,000	$0.00	25,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2019-03-18		No	4	M	Direct
0	2019-03-18		No	4	M	Direct

Footnotes

Performance award achieved at 111% of target shares.
Includes 300,000 shares of common stock from a Restricted Stock Units grant filed on June 4, 2018, and inadvertantly reported as Restricted Stock Units on table 1.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.85 to $9.2014.
Performance award achieved at 50% of target shares. Unearned shares were cancelled.
Issued pursuant to the 2011 Equity Incentive Plan.
Grant is of performance-based stock units.
Performance shares are eligible to vest on March 18, 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, is VWAP is between $3.01 and $6.00.
RSUs expire March 29, 2019 if, or to the extent, vesting conditions are not met.
Performance shares are eligible to vest on March 18, 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.