0001209191-19-060701.txt : 20191216
0001209191-19-060701.hdr.sgml : 20191216
20191216170523
ACCESSION NUMBER: 0001209191-19-060701
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191212
FILED AS OF DATE: 20191216
DATE AS OF CHANGE: 20191216
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bywater David
CENTRAL INDEX KEY: 0001673823
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36642
FILM NUMBER: 191287962
MAIL ADDRESS:
STREET 1: 1850 WEST ASHTON BLVD
CITY: LEHI
STATE: UT
ZIP: 84043
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Vivint Solar, Inc.
CENTRAL INDEX KEY: 0001607716
STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433]
IRS NUMBER: 455605880
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1800 WEST ASHTON BLVD.
CITY: LEHI
STATE: UT
ZIP: 84043
BUSINESS PHONE: (877) 404-4129
MAIL ADDRESS:
STREET 1: 1800 WEST ASHTON BLVD.
CITY: LEHI
STATE: UT
ZIP: 84043
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-12-12
0
0001607716
Vivint Solar, Inc.
VSLR
0001673823
Bywater David
1800 WEST ASHTON BLVD
LEHI
UT
84043
1
1
0
0
Chief Executive Officer
Common Stock
2019-12-12
4
A
0
161290
0.00
A
1240279
D
Common Stock
2019-12-12
4
M
0
87355
2.85
A
1327634
D
Common Stock
2019-12-12
4
S
0
87355
7.531
D
1240279
D
Common Stock
2019-12-13
4
S
0
57650
7.8256
D
1182629
D
Stock Option (Right to Buy)
2.85
2019-12-12
4
M
0
87355
0.00
D
2026-12-14
Common Stock
87355
412500
D
Stock Option (Right to Buy)
7.75
2019-12-12
4
A
0
277161
0.00
A
2029-12-12
Common Stock
277161
277161
D
Represents restricted stock units ("RSUs") granted pursuant to the 2014 Equity Incentive Plan, which can only be settled with shares of Common Stock. 25% of the shares subject to this award will vest on December 6, 2020, and 1/16th of the shares subject to this award will vest on each quarterly vesting date thereafter. The term "quarterly vesting date" shall mean the sixth day of March, June, September and December of any fiscal year, as applicable.
The sales reported by Mr. Bywater were effected pursuant to a Rule 10b5-1 trading plan.
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 $7.50 to $7.57, 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.
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 $7.62 to $7.95, 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.
The shares subject to this option shall vest at the rate of 25% of the total number of shares on December 6, 2017 and thereafter 6.25% of the total shares subject to this option shall vest in equal quarterly installments beginning March 6, 2018, until the option is fully vested; in each such case subject to the Reporting Person's continued service to the Issuer or any subsidiary of the Issuer through each such date.
25% of the shares subject to this award will vest on December 6, 2020, and 1/16th of the shares subject to this award will vest on each quarterly vesting date thereafter; in each such case subject to the Reporting Person's continued service to the Issuer or any subsidiary of the Issuer through each such date. The term "quarterly vesting date" shall mean the sixth day of March, June, September and December of any fiscal year, as applicable.
/s/ Dana C. Russell, attorney-in-fact
2019-12-16