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Filing Details

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
1015934	Neal Dempsey	490 S. California Ave., Suite 200 Palo Alto CA 94306		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-04-04	468,647	$0.00	468,647	No	4	C	Indirect	See Footnote
Common Stock	Acquisiton	2012-04-04	971,753	$0.00	971,753	No	4	C	Indirect	See Footnote
Common Stock	Acquisiton	2012-04-04	189,050	$0.00	189,050	No	4	C	Indirect	See Footnote
Common Stock	Acquisiton	2012-04-04	166,667	$6.00	166,667	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2011-11-15	13,402	$0.58	13,402	No	4	P	Indirect	See Footnote

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series D Convertible Preferred Stock	Disposition	2012-04-04	468,647	$0.00	468,647	$0.00
Common Stock	Series E Convertible Preferred Stock	Disposition	2012-04-04	971,753	$0.00	971,753	$0.00
Common Stock	Convertible Promissory Notes	Disposition	2012-04-04	189,050	$0.00	189,050	$0.00

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

Footnotes

The shares reflect the automatic conversion of 468,647 shares of the Issuer's Series D Preferred Stock for 468,647 shares of the Issuer's Common Stock immediately prior to the closing of the Issuer's initial public offering.
The shares reflect the automatic conversion of 971,753 shares of the Issuer's Series E Preferred Stock for 971,753 shares of the Issuer's Common Stock immediately prior to the closing of the Issuer's initial public offering.
The Reporting Person, a Director of the Issuer, is a Manager of Bay Management Company XI, LLC and shares voting and dispositive power over shares held by Bay Partners XI Parallel Fund, L.P. and Bay Partners XI, L.P but disclaims beneficial ownership of such securities except to the extent of his proportionate pecuniary interest therein.
Notes and accrued interest in the aggregate of $1,134,304.20 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.