Home > Insider Trading > Filing (0001209191-19-060701)

Filing Details

Accession Number:: 0001209191-19-060701
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-12-16 17:05:23
Reporting Period:: 2019-12-12

Accepted Time:: 2019-12-16 17:05:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1607716	Vivint Solar Inc.	VSLR	Heating Equipment, Except Electric & Warm Air Furnaces (3433)	455605880

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1673823	David Bywater	1800 West Ashton Blvd Lehi UT 84043	Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2019-12-12	161,290	$0.00	1,240,279	No	4	A	Direct
Common Stock	Acquisiton	2019-12-12	87,355	$2.85	1,327,634	No	4	M	Direct
Common Stock	Disposition	2019-12-12	87,355	$7.53	1,240,279	No	4	S	Direct
Common Stock	Disposition	2019-12-13	57,650	$7.83	1,182,629	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2019-12-12	87,355	$0.00	87,355	$2.85
Common Stock	Stock Option (Right to Buy)	Acquisiton	2019-12-12	277,161	$0.00	277,161	$7.75

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
412,500		2026-12-14	No	4	M	Direct
277,161		2029-12-12	No	4	A	Direct

Footnotes

Represents restricted stock units ("RSUs") granted pursuant to the 2014 Equity Incentive Plan, which can only be settled with shares of Common Stock. 25% of the shares subject to this award will vest on December 6, 2020, and 1/16th of the shares subject to this award will vest on each quarterly vesting date thereafter. The term "quarterly vesting date" shall mean the sixth day of March, June, September and December of any fiscal year, as applicable.
The sales reported by Mr. Bywater were effected pursuant to a Rule 10b5-1 trading plan.
The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $7.50 to $7.57, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $7.62 to $7.95, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
The shares subject to this option shall vest at the rate of 25% of the total number of shares on December 6, 2017 and thereafter 6.25% of the total shares subject to this option shall vest in equal quarterly installments beginning March 6, 2018, until the option is fully vested; in each such case subject to the Reporting Person's continued service to the Issuer or any subsidiary of the Issuer through each such date.
25% of the shares subject to this award will vest on December 6, 2020, and 1/16th of the shares subject to this award will vest on each quarterly vesting date thereafter; in each such case subject to the Reporting Person's continued service to the Issuer or any subsidiary of the Issuer through each such date. The term "quarterly vesting date" shall mean the sixth day of March, June, September and December of any fiscal year, as applicable.