0001463101-17-000070.txt : 20170524 0001463101-17-000070.hdr.sgml : 20170524 20170524161540 ACCESSION NUMBER: 0001463101-17-000070 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170501 FILED AS OF DATE: 20170524 DATE AS OF CHANGE: 20170524 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Enphase Energy, Inc. CENTRAL INDEX KEY: 0001463101 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 204645388 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1420 NORTH MCDOWELL BLVD. CITY: PETALUMA STATE: CA ZIP: 94954 BUSINESS PHONE: (707) 763-4784 MAIL ADDRESS: STREET 1: 1420 NORTH MCDOWELL BLVD. CITY: PETALUMA STATE: CA ZIP: 94954 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Garcia Humberto CENTRAL INDEX KEY: 0001682076 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35480 FILM NUMBER: 17866845 MAIL ADDRESS: STREET 1: 1420 N. MCDOWELL BLVD. CITY: PETALUMA STATE: CA ZIP: 94954 4 1 wf-form4_149565692542307.xml FORM 4 X0306 4 2017-05-01 0 0001463101 Enphase Energy, Inc. ENPH 0001682076 Garcia Humberto C/O ENPHASE ENERGY, INC. 1420 NORTH MCDOWELL BLVD. PETALUMA CA 94954 0 1 0 0 VP and CFO Restricted Stock Units 2017-05-01 4 A 0 528 A 63100 D Restricted Stock Units 2017-05-01 4 A 0 3083 A 66183 D Restricted Stock Units 2017-05-01 4 A 0 528 A 66711 D Restricted Stock Units 2017-05-01 4 A 0 1082 A 67793 D Restricted Stock Units 2017-05-01 4 A 0 3584 A 71377 D Restricted Stock Units 2017-05-01 4 A 0 5599 A 76976 D Stock Option (Right to Buy) 4.086 2017-05-01 4 D 0 1320 D 2021-05-04 Common Stock 1320.0 0 D Stock Option (Right to Buy) 9.534 2017-05-01 4 D 0 11013 D 2021-08-22 Common Stock 11013.0 0 D Stock Option (Right to Buy) 11.0 2017-05-01 4 D 0 1887 D 2022-03-11 Common Stock 1887.0 0 D Stock Option (Right to Buy) 6.9 2017-05-01 4 D 0 3609 D 2022-05-30 Common Stock 3609.0 0 D Stock Option (Right to Buy) 7.68 2017-05-01 4 D 0 12804 D 2020-06-30 Common Stock 12804.0 0 D Stock Option (Right to Buy) 9.69 2017-05-01 4 D 0 20000 D 2021-07-13 Common Stock 20000.0 0 D The restricted stock units ("RSUs") will vest as follows: Any vested portion of the canceled option is subject to a new one-year cliff vesting date with 100% of such portion of the RSU vesting on May 15, 2018. Any portion of a new RSU issued in exchange for the unvested portion of the canceled option will continue to vest over the remainder of the original vesting period of the unvested portion of the option; however, the new RSU will vest and shares will be issued on a quarterly vesting schedule with fixed vesting dates occurring on February 15, May 15, August 15 and November 15 each year. The first new RSU Vesting Date for the portion of the new RSU issued in exchange for the unvested portion of a canceled option will be August 15, 2017. On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on May 5, 2011. In exchange for the option, the reporting person received 528 shares of RSUs. This total corrects the total aggregate number of shares following the transaction previously reported by the reporting person on May 17, 2017. On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on August 23, 2011. In exchange for the option, the reporting person received 3,083 shares of RSUs. On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on March 12, 2012. In exchange for the option, the reporting person received 528 shares of RSUs. On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on May 31, 2012. In exchange for the option, the reporting person received 1,082 shares of RSUs. On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on July 1, 2013. In exchange for the option, the reporting person received 3,584 shares of RSUs. On May 1, 2017, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on July 14, 2014. In exchange for the option, the reporting person received 5,599 shares of RSUs. The canceled option provided vesting in variable installments over a four-year period commencing January 21, 2012. The canceled option provided vesting in variable installments over a four-year period commencing February 4, 2012. The canceled option provided vesting in 48 equal successive installments over a four-year period commencing April 12, 2012. The canceled option provided vesting in 48 equal successive installments over a four-year period commencing June 30, 2012. The canceled option provided vesting in 48 equal successive installments over a four-year period commencing May 10, 2013. The canceled option provided vesting in 48 equal successive installments over a four-year period commencing January 1, 2015. /s/ Humberto Garcia 2017-05-24