1. Name
and Address of Reporting Person * Allred L. Chance |
2. Issuer Name and Ticker or Trading
Symbol Vivint Solar, Inc. [ VSLR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Chief Sales Officer |
(Last)
(First)
(Middle)
1800 WEST ASHTON BLVD |
3. Date of Earliest Transaction (MM/DD/YYYY)
10/8/2020
|
(Street)
LEHI, UT 84043
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Explanation of
Responses: |
(1) |
Disposed of pursuant to the
Agreement and Plan of Merger, dated as of July 6, 2020 (the "Merger
Agreement"), by and among Sunrun Inc. ("RUN"), Viking Merger Sub,
Inc. and Vivint Solar, Inc. in exchange for 0.55 shares of RUN
common stock per share. |
(2) |
Pursuant to the Merger
Agreement, the restricted stock units held by the Reporting Person
were disposed of and converted into restricted stock units
representing 0.55 shares of RUN common stock per share. |
(3) |
Disposed of pursuant to the
Merger Agreement and converted into an option to acquire 0.55
shares of RUN common stock per share. |
(4) |
25% of the shares subject to
this award will vest on September 6, 2018, 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. |
(5) |
25% of the shares subject to
this award will vest on September 6, 2019, 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. |
(6) |
100% of the shares subject
to this option will vest on March 6, 2022 subject to the Reporting
Person's continued service to the Issuer or any subsidiary of the
Issuer through such date. |
(7) |
100% of the Shares subject
to this Award will vest on June 6, 2022, subject to the Reporting
Person's continued service to the Issuer or any subsidiary of the
Issuer through such date. |
(8) |
25% of the Shares subject to
this option will vest on September 6, 2020, 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. |
(9) |
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. |