0001209191-21-012108.txt : 20210218 0001209191-21-012108.hdr.sgml : 20210218 20210218185548 ACCESSION NUMBER: 0001209191-21-012108 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210215 FILED AS OF DATE: 20210218 DATE AS OF CHANGE: 20210218 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Venkataraman Swaminathan CENTRAL INDEX KEY: 0001746127 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38598 FILM NUMBER: 21651279 MAIL ADDRESS: STREET 1: 1299 ORLEANS DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94089 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Bloom Energy Corp CENTRAL INDEX KEY: 0001664703 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] IRS NUMBER: 770565408 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4353 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 408-543-1500 MAIL ADDRESS: STREET 1: 4353 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95134 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2021-02-15 0 0001664703 Bloom Energy Corp BE 0001746127 Venkataraman Swaminathan 4353 NORTH FIRST STREET SAN JOSE CA 95134 0 1 0 0 EVP & CTO Class A Common Stock 2021-02-15 4 M 0 22050 0.00 A 167996 D Class A Common Stock 2021-02-16 4 M 0 3315 11.31 A 171311 D Class A Common Stock 2021-02-16 4 M 0 3169 12.00 A 174480 D Class A Common Stock 2021-02-16 4 S 0 19361 38.5765 D 155119 D Performance Stock Units 2021-02-15 4 M 0 22050 0.00 D 2031-02-10 Class A Common Stock 22050 44100 D Stock Option (Right to Buy Class A Common Stock) 11.31 2021-02-16 4 M 0 3315 0.00 D 2029-02-14 Class A Common Stock 3315 26526 D Stock Option (Right to Buy Class A Common Stock) 12.00 2021-02-16 4 M 0 3169 0.00 D 2029-07-15 Class A Common Stock 3169 25352 D Includes 2,500 shares that were acquired under the Bloom Energy Corporation Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). Sale of shares to cover tax withholding obligation incurred upon settlement of the Performance Stock Units (the "PSUs") that vested on February 15, 2021. The price reported represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $35.32 to $40.05 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. Each of the PSUs represents a contingent right to receive one (1) share of the Class A Common Stock of the Issuer upon settlement. On June 12, 2020, the Reporting Person was granted a PSU award for a target number of 45,000 shares of Class A common stock, subject to the achievement of certain financial performance criteria during the performance period. The Reporting Person fully met the performance criteria as determined by the Compensation Committee on February 11, 2021, which resulted in a payout of 1.47 times the target. The PSUs shall vest annually over three (3) years, with a third of the PSU vesting on February 15, 2021, another third on February 15, 2022 and the remaining third on February 15, 2023, subject to Reporting Person remaining a service provider on each applicable vesting date. 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. /s/ Shawn Soderberg, as attorney-in-fact 2021-02-18