Home > Insider Trading > Filing (0001209191-21-002392)

Filing Details

Accession Number:: 0001209191-21-002392
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-01-06 20:17:07
Reporting Period:: 2021-01-04

Accepted Time:: 2021-01-06 20:17:07
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1664703	Bloom Energy Corp	BE	Electrical Industrial Apparatus (3620)	770565408

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1746127	Swaminathan Venkataraman	4353 North First Street San Jose CA 95134	Evp & Cto	No	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
Class A Common Stock	Acquisiton	2021-01-04	23,209	$11.31	166,655	No	4	M	Direct
Class A Common Stock	Acquisiton	2021-01-04	22,182	$12.00	188,837	No	4	M	Direct
Class A Common Stock	Acquisiton	2021-01-04	20,666	$5.50	209,503	No	4	M	Direct
Class A Common Stock	Acquisiton	2021-01-04	40,000	$0.00	249,503	No	4	C	Direct
Class A Common Stock	Disposition	2021-01-04	106,057	$28.50	143,446	No	4	S	Direct
Class A Common Stock	Acquisiton	2021-01-06	39,345	$0.00	182,791	No	4	C	Direct
Class A Common Stock	Disposition	2021-01-06	39,345	$30.31	143,446	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	C	Direct
No	4	S	Direct
No	4	C	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
Class B Common Stock	Stock Option (Right to Buy Class B Common Stock)	Disposition	2021-01-04	40,000	$0.00	40,000	$24.00
Class A Common Stock	Stock Option (Right to Buy Class A Common Stock)	Disposition	2021-01-04	23,209	$0.00	23,209	$11.31
Class A Common Stock	Stock Option (Right to Buy Class A Common Stock)	Disposition	2021-01-04	22,182	$0.00	22,182	$12.00
Class A Common Stock	Stock Option (Right to Buy Class A Common Stock)	Disposition	2021-01-04	20,666	$0.00	20,666	$5.50
Class B Common Stock	Stock Option (Right to Buy Class B Common Stock)	Disposition	2021-01-06	39,345	$0.00	39,345	$15.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-01-04	40,000	$0.00	40,000	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-01-06	39,345	$0.00	39,345	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2021-11-30	No	4	M	Direct
29,841	2029-02-14	No	4	M	Direct
28,521	2029-07-15	No	4	M	Direct
41,334	2029-11-10	No	4	M	Direct
93,989	2028-07-23	No	4	M	Direct
0		No	4	C	Direct
0		No	4	C	Direct

Footnotes

Sale of shares pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
The price reported represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $27.18 to $29.37 per share. Upon request by the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
The price reported represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.71 per share. Upon request by the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
The option is fully vested.
The option vested as to 25% of the shares on the 1-year anniversary of the grant date, and the remaining shares will vest in equal quarterly installments from such 1-year anniversary over the next three years, subject to the Reporting Person's continuous service to the Issuer through each vesting date.
The option vested as to 25% of the shares on the 1-year anniversary of February 15, 2019, and the remaining shares will vest in equal quarterly installments from such 1-year anniversary over the next three years, subject to the Reporting Person's continuous service to the Issuer through each vesting date.
If the stock price of the Issuer reaches $8 (calculated based on a 30-day average) on or before 11/22/2020, 1/3 of the options vest on 11/11/2020. If the stock price reaches $8 after 11/11/2020 but before 11/11/2024, 1/3 of the options vest on the date the share price reaches $8. If the stock price reaches $11 on or before 11/11/2021, 1/3 of the options vest on 11/11/2021. If the stock price reaches $11 after 11/11/2021 but before 11/11/2024, 1/3 of the options vest on the date the share price reaches $11. If the stock price reaches $14 on or before 11/11/2022, 1/3 of the options vest on 11/11/2022. If the stock price reaches $14 by 11/11/2022 but before 11/11/2024, 1/3 of the options vest on the date the price reaches $14. If the stock price does not reach $14 by 11/11/2024, 1/3 of the options shall be canceled. Any stock options that have not vested by 11/11/2024 shall be canceled.
The option vested in three equal annual installments commencing on the second year anniversary of July 24, 2018, followed by the third and fourth anniversaries, so that the entire grant is full vested on the 4th year anniversary of July 24, 2018, subject to the reporting person's continued service through each vesting date.
The Class B Common Stock is convertible into Class A Common Stock on a 1-for-1 basis (a) at the option of the holder; or (b) upon any transfer except certain permitted transfers. All the outstanding shares of Class B Common Stock will convert automatically into shares of Class A Common Stock upon the date that is the earliest to occur of (i) immediately prior to the close of business on the 5th anniversary of July 27, 2018, (ii) immediately prior to the close of business on the date on which the outstanding shares of Class B Common Stock represent less than 5% of the aggregate number of shares of Class A Common Stock and Class B Common Stock then outstanding, (iii) the date and time, or the occurrence of an event, specified in a written conversion election delivered by KR Sridhar to the Secretary or Chairman of the Board of the Issuer to so convert all shares of Class B Common Stock, or (iv) immediately following the date of the death of KR Sridhar.