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Filing Details

Accession Number:: 0001181431-12-022884
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-04-05 18:21:18
Reporting Period:: 2012-04-04

Filing Date:: 2012-04-05
Accepted Time:: 2012-04-05 18:21:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1463101	Enphase Energy Inc.	ENPH	Semiconductors & Related Devices (3674)	204645388

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1040273	Third Point Llc	390 Park Avenue New York NY 10022	Yes	No	Yes	Yes
1300345	S Daniel Loeb	C/O Third Point Llc 390 Park Avenue New York NY 10022	Yes	No	Yes	Yes
1341499	P L Qualified Partners Point Third	C/O Third Point Llc 390 Park Avenue New York NY 10022	Yes	No	Yes	Yes
1403112	Third Point Partners Lp	C/O Third Point Llc 390 Park Avenue New York NY 10022	Yes	No	Yes	Yes
1453151	Third Point Offshore Master Fund, L.p.	C/O Third Point Llc 390 Park Avenue New York NY 10022	Yes	No	Yes	Yes
1546187	L.p. Fund Master Ultra Point Third	C/O Third Point Llc 390 Park Avenue New York NY 10022	Yes	No	Yes	Yes

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	Explanation
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	157,758	$0.00	157,758	No	4	C	Direct
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	126,721	$0.00	284,479	No	4	C	Direct
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	117,161	$0.00	401,640	No	4	C	Direct
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	71,734	$0.00	473,374	No	4	C	Direct
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	31,663	$0.00	505,037	No	4	C	Direct
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	1,356,727	$0.00	2,276,627	No	4	C	Indirect	See Footnotes
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	1,065,071	$0.00	3,341,698	No	4	C	Indirect	See Footnotes
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	1,818,659	$0.00	5,160,357	No	4	C	Indirect	See Footnotes
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	757,357	$0.00	5,917,714	No	4	C	Indirect	See Footnotes
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	577,227	$0.00	6,494,941	No	4	C	Indirect	See Footnotes
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	432,473	$6.00	6,927,414	No	4	P	Indirect	See Footnotes
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	27,371	$6.00	6,954,785	No	4	P	Indirect	See Footnotes
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	140,953	$6.00	7,095,738	No	4	P	Indirect	See Footnotes
Common Stock, $0.00001 Par Value	Acquisiton	2012-04-04	163,091	$6.00	7,258,829	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	C	Indirect	See Footnotes
No	4	C	Indirect	See Footnotes
No	4	C	Indirect	See Footnotes
No	4	C	Indirect	See Footnotes
No	4	C	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series B Convertible Preferred Stock	Disposition	2012-04-04	83,118	$0.00	157,758	$0.00
Common Stock	Series C Convertible Preferred Stock	Disposition	2012-04-04	50,406	$0.00	126,721	$0.00
Common Stock	Series D Convertible Preferred Stock	Disposition	2012-04-04	117,161	$0.00	117,161	$0.00
Common Stock	Series E Convertible Preferred Stock	Disposition	2012-04-04	71,734	$0.00	71,734	$0.00
Common Stock	9% Junior Convertible Secured Notes due 2014	Disposition	2012-04-04	0	$0.00	31,663	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2012-04-04	714,819	$0.00	1,356,727	$0.00
Common Stock	Series C Convertible Preferred Stock	Disposition	2012-04-04	423,656	$0.00	1,065,071	$0.00
Common Stock	Series D Convertible Preferred Stock	Disposition	2012-04-04	1,818,659	$0.00	1,818,659	$0.00
Common Stock	Series E Convertible Preferred Stock	Disposition	2012-04-04	757,357	$0.00	757,357	$0.00
Common Stock	9% Junior Convertible Secured Notes due 2014	Disposition	2012-04-04	0	$0.00	577,227	$0.00

Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
	No	4	C	Direct
	No	4	C	Direct
	No	4	C	Direct
	No	4	C	Direct
2014-06-14	No	4	C	Direct
	No	4	C	Indirect
	No	4	C	Indirect
	No	4	C	Indirect
	No	4	C	Indirect
2014-06-14	No	4	C	Indirect

Footnotes

The Series B Convertible Preferred Stock converted into shares of common stock of the Issuer ("Common Stock") in a ratio of 1:1.898 upon the closing of the initial public offering of the Issuer and had no expiration date.
The Series C Convertible Preferred Stock converted into shares of Common Stock in a ratio of 1:2.514 upon the closing of the initial public offering of the Issuer and had no expiration date.
The Series D Convertible Preferred Stock and the Series E Convertible Preferred Stock converted into shares of Common Stock in a ratio of 1:1 upon the closing of the initial public offering of the Issuer and had no expiration date.
The principal amount of the 9% Junior Convertible Secured Notes due 2014, plus interest accrued at 9% per annum, converted into shares of Common Stock at $6.00 per share upon the closing of the initial public offering of the Issuer and had a June 14, 2014 expiration date.
Third Point LLC ("Third Point") acts as the investment manager of certain funds and managed accounts (the "Funds"), including Third Point Offshore Master Fund L.P. ("Offshore Master"), Third Point Partners L.P. ("Partners"), Third Point Partners Qualified L.P. ("Qualified"), and Third Point Ultra Master Fund L.P. ("Ultra"). Third Point, as investment manager of the Funds, and Daniel S. Loeb, as Chief Executive Officer of Third Point, each may be deemed to beneficially own the shares of Common Stock into which the securities held by the Funds have converted. (continued in footnote 6)
(continued from footnote 5) Each of Third Point and Mr. Loeb disclaims beneficial ownership of any securities reported herein except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that Third Point or Mr. Loeb is the beneficial owner of or has any pecuniary interest in such securities for purposes of Section 16 of the Securities Exchange Act, as amended (the "Act") and the rules promulgated thereunder or for any other purpose. Each of Partners, Qualified, Offshore Master and Ultra hereby disclaims beneficial ownership of any securities reported herein other than those that it directly holds, for purposes of Section 16 of the Act and the rules promulgated thereunder or for any other purpose.