Filing Details
- Accession Number:
- 0001463101-19-000037
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2019-03-25 21:26:46
- Reporting Period:
- 2019-03-18
- Accepted Time:
- 2019-03-25 21:26:46
- Original Submission Date:
- 2019-03-20
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1463101 | Enphase Energy Inc. | ENPH | () | 4/A |
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 | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2019-03-18 | 55,000 | $0.00 | 402,126 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-03-19 | 21,255 | $8.88 | 380,871 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2019-03-18 | 25,000 | $0.00 | 405,871 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2019-03-19 | 9,448 | $8.88 | 396,423 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | 55,000 | $0.00 | 55,000 | $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.
- This transaction constitutes a matching transaction under Section 16(b) of the Securities Exchange Act. The reporting person has agreed to remit to the Issuer the profits deemed to have resulted from the transaction, which are approximately $1,235.10.
- Corrected quantity of shares sold to cover taxes.
- 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 were 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 were 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.
Billionaire Hedge Funds
