FORM 4
[ X ] 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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Rive Peter J
2. Issuer Name and Ticker or Trading Symbol

SOLARCITY CORP [ SCTY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Technology Officer
(Last)          (First)          (Middle)

3055 CLEARVIEW WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

11/21/2016
(Street)

SAN MATEO, CA 94402
(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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   11/21/2016   11/21/2016   D    0   D   (1) 0   (2) D  
 
Common Stock   11/21/2016   11/21/2016   D    2260808   (3) D   (1) 0   I   By Trust  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
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
Option to Purchase Common Stock   $1.62   11/21/2016   11/21/2016   D         664700      (4)   (4) Common Stock   664700   $0   0   D  
 
Option to Purchase Common Stock   $5.07   11/21/2016   11/21/2016   D         1000000      (4)   (4) Common Stock   1000000   $0   0   D  
 
Option to Purchase Common Stock   $48.97   11/21/2016   11/21/2016   D         2000000      (5)   (5) Common Stock   2000000   $0   0   D  
 

Explanation of Responses:
( 1)  Outstanding shares of the common stock of the Issuer were converted into the right to receive 0.110 shares of Tesla common stock for each share of the Issuer's common stock issued and outstanding, with cash paid in lieu of fractional shares, in accordance with the Merger Agreement.
( 2)  Since reporting person's last report, 5,675 shares previously owned directly by the reporting person were transferred in charitable donations by the reporting person.
( 3)  Since reporting person's last report, 289,673 shares previously owned directly by the reporting person were transferred to a trust of which the reporting person is the trustee.
( 4)  Outstanding stock options and restricted stock unit awards ("RSUs") of the Issuer were assumed by Tesla and automatically converted into corresponding equity incentive awards on common stock of Tesla in accordance with the Merger Agreement.
( 5)  Pursuant to its terms, this option to purchase common stock of the Issuer expired upon the closing of the Merger.

Remarks:
This Form 4 reports securities disposed pursuant to the terms of an Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 31, 2016, a copy of which is filed as Exhibit 2.1 to the Issuer's Form 8-K filed with the SEC on August 1, 2016, and by which the Issuer became a wholly-owned subsidiary (the "Merger") of Tesla Motors, Inc. ("Tesla").

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Rive Peter J
3055 CLEARVIEW WAY
SAN MATEO, CA 94402
X
Chief Technology Officer

Signatures
/s/ Seth R. Weissman, Atty-in-fact for Peter J. Rive 11/23/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Solarcity Corp. (NASDAQ:SCTY)
Historical Stock Chart
Von Okt 2024 bis Nov 2024 Click Here for more Solarcity Corp. Charts.
Solarcity Corp. (NASDAQ:SCTY)
Historical Stock Chart
Von Nov 2023 bis Nov 2024 Click Here for more Solarcity Corp. Charts.