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Tesla Motors's Chief Technical Officer just cashed-in 10,000 options

Jeffrey B Straubel, Tesla Motors's Chief Technical Officer, recently cashed-in 10,000 options. The options were exercised at $6.63, while the disposals took place between $214.57 and $221.22 per share, on October 15, 2015. Straubel continues to hold 134,902 shares of the company. Straubel operates out of Palo Alto, CA. Some additional info was provided as follows:

The stock option exercise and sales reported on this Form 4 were effected pursuant to a pre-determined Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2015. The reporting person adopted the trading plan to periodically exercise long held stock options that are expiring in 2016. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $214.23 to $214.92, inclusive. The reporting person undertakes to provide Tesla Motors, Inc., any security holder of Tesla Motors, Inc. 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 in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.76 to $216.45, inclusive. The reporting person undertakes to provide Tesla Motors, Inc., any security holder of Tesla...

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