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Filing Details

Accession Number:: 0001181431-12-022506
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-04-04 13:00:00
Reporting Period:: 2011-11-15

Filing Date:: 2012-04-04
Accepted Time:: 2012-04-04 17:32:08
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1463101	Enphase Energy Inc.	ENPH	Semiconductors & Related Devices (3674)	204645388

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1543816	John Benjamin Kortlang	2750 Sand Hill Road Menlo Park CA 94025		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-11-15	95,033	$5.27	230,794	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2011-11-15	65	$5.27	158	No	4	P	Direct
Common Stock	Acquisiton	2012-04-04	728,215	$6.00	959,009	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2012-04-04	500	$6.00	658	No	4	P	Direct
Common Stock	Acquisiton	2012-04-04	1,929,944	$0.00	2,888,952	No	4	C	Indirect	See Footnote
Common Stock	Acquisiton	2012-04-04	1,324	$0.00	1,982	No	4	C	Direct
Common Stock	Acquisiton	2012-04-04	1,684,483	$0.00	4,573,436	No	4	C	Indirect	See Footnote
Common Stock	Acquisiton	2012-04-04	1,155	$0.00	3,137	No	4	C	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Direct
No	4	P	Indirect	See Footnote
No	4	P	Direct
No	4	C	Indirect	See Footnote
No	4	C	Direct
No	4	C	Indirect	See Footnote
No	4	C	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series E Convertible Preferred Stock	Disposition	2012-04-04	1,929,944	$0.00	1,929,944	$0.00
Common Stock	Series E Convertible Preferred Stock	Disposition	2012-04-04	1,324	$0.00	1,324	$0.00
Common Stock	Convertible Promissory Notes	Disposition	2012-04-04	1,684,483	$0.00	1,684,483	$0.00
Common Stock	Convertible Promissory Notes	Disposition	2012-04-04	1,155	$0.00	1,155	$0.00

Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
No	4	C	Indirect
No	4	C	Direct
No	4	C	Indirect
No	4	C	Direct

Footnotes

The shares reflect the automatic conversion of 1,929,944 shares of the Issuer's Series E Preferred Stock for 1,929,944 shares of the Issuer's Common Stock immediately prior to the closing of the Issuer's initial public offering.
The shares and notes are directly held by KPCB Green Grown Fund, LLC ("GGF Fund"). The managing member for GGF Fund is KPCB GGF Associates, LLC ("GGF Associates"). The voting and dispositive control over the shares is shared by individual managing directors of GGF Associates, none of whom has veto power. Excludes 188,368 shares of Common Stock in the aggregate beneficially owned by individuals and entities associated with Kleiner Perkins Caufield & Byers and held for convenience in the name of "KPCB Holdings, Inc. as nominee," for the accounts of such individuals and entities who each exercise their own voting and dispositive control over such shares.
The shares reflect the automatic conversion of 1,324 shares of the Issuer's Series E Preferred Stock for 1,324 shares of the Issuer's Common Stock immediately prior to the closing of the Issuer's initial public offering.
Principle and accrued interest in the aggregate of $10,106,903.75 converted automatically upon the closing of the Issuer's initial public offering into shares of Common Stock at a conversion price of $6.00 per share.
Principle and accrued interest in the aggregate of $6,933.72 converted automatically upon the closing of the Issuer's initial public offering into shares of Common Stock at a conversion price of $6.00 per share.
Immediately convertible into shares of the Issuer's common stock.
These shares have no expiration date.