Statement of Changes in Beneficial Ownership (4)
10 September 2020 - 9:10AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Plagemann Thomas G. |
2. Issuer Name and Ticker or Trading Symbol
Vivint Solar, Inc.
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VSLR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CCO; EVP, Capital Markets |
(Last)
(First)
(Middle)
1800 WEST ASHTON BLVD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/8/2020 |
(Street)
LEHI, UT 84043
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 9/8/2020 | | S(1) | | 5684 | D | $25.9672 (2) | 133914 | D | |
Common Stock | 9/8/2020 | | S(1) | | 100 | D | $27.08 (3) | 133814 | D | |
Common Stock | 9/8/2020 | | S | | 113 | D | $28.07 | 133701 | D | |
Common Stock | 9/8/2020 | | A | | 5302 (4) | A | $0.00 | 139003 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (Right to Buy | $28.29 | 9/8/2020 | | A | | 7928 | | (5) | 9/8/2030 | Common Stock | 7928 | $0.00 | 7928 | D | |
Explanation of Responses: |
(1) | These shares were disposed of in non-discretionary transactions to cover the reporting person's tax withholding obligations pursuant to a Rule 10b5-1 Plan in connection with the settlement of an award of restricted stock units |
(2) | 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 $25.77 to $26.13, 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. |
(3) | 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 $27.06 to $27.10, 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. |
(4) | Represents restricted stock units ("RSUs") granted pursuant to the 2014 Equity Incentive Plan (the "Plan") which can only be settled with shares of common stock. 25% of the shares subject to this award will vest on September 6, 2021, and on each of the next 12 RSU quarterly vesting dates, 1/16 of the shares subject to this award will vest, subject to the Reporting Person's continued service to the Issuer or any subsidiary of the Issuer through such date. |
(5) | 25% of the Shares subject to this option will vest on September 6, 2021, and on each of the next 12 quarterly vesting dates, 1/16 of the shares subject to this option will vest, subject to the Reporting Person's continued service to the Issuer or any subsidiary of the Issuer through such date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Plagemann Thomas G. 1800 WEST ASHTON BLVD LEHI, UT 84043 |
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| CCO; EVP, Capital Markets |
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Signatures
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/s/ Dana C. Russell, attorney-in-fact | | 9/9/2020 |
**Signature of Reporting Person | Date |
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