FORM 4
[ ] 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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or
Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person * | 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) to Issuer |
(Check all applicable) |
Venkataraman Swaminathan | Bloom Energy Corp [ BE ] | _____ Director | _____ 10% Owner | ||||||||||||||||||||||||
(Last) | (First) | (Middle) | 3. Date of Earliest Transaction (MM/DD/YYYY) | ||||||||||||||||||||||||
__X__ Officer (give title below) _____ Other (specify below) | |||||||||||||||||||||||||||
4353 NORTH FIRST STREET | 10/16/2019 | EVP of Engineering and CTO | |||||||||||||||||||||||||
(Street) | 4. If Amendment, Date Original Filed (MM/DD/YYYY) | 6. Individual or Joint/Group Filing (Check Applicable Line) | |||||||||||||||||||||||||
SAN JOSE, CA 95134 | _X _ Form filed by One Reporting Person | ||||||||||||||||||||||||||
(City) | (State) | (Zip) | ___ Form filed by More than One Reporting Person | ||||||||||||||||||||||||
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||||||||||||||||||
1.Title of Security | 2. Trans. Date | 2A. Deemed | 3. Trans. Code | 4. Securities Acquired (A) or | 5. Amount of Securities Beneficially Owned | 6. | 7. Nature | ||||||||||||||||||||
(Instr. 3) | Execution | (Instr. 8) | Disposed of (D) | Following Reported Transaction(s) | Ownership | of Indirect | |||||||||||||||||||||
Date, if any | (Instr. 3, 4 and 5) | (Instr. 3 and 4) | Form: | Beneficial | |||||||||||||||||||||||
Direct (D) | Ownership | ||||||||||||||||||||||||||
or Indirect | (Instr. 4) | ||||||||||||||||||||||||||
(A) or | (I) (Instr. | ||||||||||||||||||||||||||
Code | V | Amount | (D) | Price | 4) | ||||||||||||||||||||||
Class A common stock | 10/16/2019 | M | 10000 | A | $0.00 | 181387 | D | ||||||||||||||||||||
Class A common stock | 10/17/2019 | S(1) | 5031 | D | $2.9388 (2) | 176356 | D | ||||||||||||||||||||
Class A common stock | 389146 | I | By | ||||||||||||||||||||||||
trust (3) | |||||||||||||||||||||||||||
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||||||||||||||
1. Title of Derivate | 2. | 3. Trans. | 3A. Deemed | 4. Trans. | 5. Number of | 6. Date Exercisable and | 7. Title and Amount of | 8. Price of | 9. Number of | 10. | 11. Nature | ||||||||||||||||
Security | Conversion | Date | Execution | Code | Derivative Securities | Expiration Date | Securities Underlying | Derivative | derivative | Ownership | of Indirect | ||||||||||||||||
(Instr. 3) | or Exercise | Date, if any | (Instr. 8) | Acquired (A) or | Derivative Security | Security | Securities | Form of | Beneficial | ||||||||||||||||||
Price of | Disposed of (D) | (Instr. 3 and 4) | (Instr. 5) | Beneficially | Derivative | Ownership | |||||||||||||||||||||
Derivative | (Instr. 3, 4 and 5) | Owned | Security: | (Instr. 4) | |||||||||||||||||||||||
Security | Amount or | Following | Direct (D) | ||||||||||||||||||||||||
Date | Expiration | Reported | or Indirect | ||||||||||||||||||||||||
Code | V | (A) | (D) | Exercisable | Date | Title | Number of | Transaction(s) | (I) (Instr. | ||||||||||||||||||
Shares | (Instr. 4) | 4) | |||||||||||||||||||||||||
Restricted stock | (4) | 10/16/2019 | M | 10000 | (5) | 10/16/2028 | Class A | 10000 | $0.00 | 40000 | D | ||||||||||||||||
units (Class A | common | ||||||||||||||||||||||||||
common stock) | stock |
Explanation of Responses:
- Sale of shares to cover taxes incurred as a result of the vesting of RSUs, in accordance with a Rule 10b5-1 trading plan entered into by reporting person
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.86 to $2.965, inclusive. The reporting person undertakes to provide Bloom Energy Corporation, any security holder of Bloom Energy Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- Held by The Venkataraman Living Trust UTA dtd 6/8/2011 of which the reporting person is a trustee
- Each Class A common stock RSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement.
- The RSUs vest in equal annual installments of 10,000 shares on each of October 16, 2019, 2020, 2021, 2022 and 2023, subject to the reporting person's continuous service with the issuer.
Reporting Owners
Reporting Owner Name / Address | Relationships | |
Director 10% Owner Officer | Other |
Venkataraman Swaminathan
4353 NORTH FIRST STREETEVP of Engineering and CTO
SAN JOSE, CA 95134
Signatures | |
By Shawn Soderberg as attorney in fact for the reporting person | 10/18/2019 |
**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).
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Disclaimer
Bloom Energy Corporation published this content on 18 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2019 22:20:05 UTC