Edgar Filing: Loeb Daniel S

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Loeb Daniel S

2. Date of Event Requiring Statement (Month/Day/Year)
03/29/2012

3. Issuer Name and Ticker or Trading Symbol
Enphase Energy, Inc. [ENPH]

(Last)

(First)

(Middle)

C/O THIRD POINT LLC,Â 390 PARK AVENUE

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
See Remarks

5. If Amendment, Date Original Filed(Month/Day/Year)
03/30/2012

(Street)

NEW YORK,Â NYÂ 10022

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security
(Instr. 4)

2. Amount of Securities Beneficially Owned
(Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)

4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	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.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series B Convertible Preferred Stock	Â ⁽¹⁾	Â ⁽¹⁾	Common Stock	157,758	$ ⁽¹⁾	D	Â
Series C Convertible Preferred Stock	Â ⁽²⁾	Â ⁽²⁾	Common Stock	126,721	$ ⁽²⁾	D	Â
Series D Convertible Preferred Stock	Â ⁽³⁾	Â ⁽³⁾	Common Stock	117,161	$ ⁽³⁾	D	Â
Series E Convertible Preferred Stock	Â ⁽³⁾	Â ⁽³⁾	Common Stock	71,734	$ ⁽³⁾	D	Â
9% Junior Convertible Secured Notes due 2014	Â ⁽⁴⁾	Â ⁽⁴⁾	Common Stock	31,663	$ ⁽⁴⁾	D	Â
Common Stock Warrants	Â ⁽⁵⁾	06/14/2016	Common Stock	4,026	$ 5.27	D	Â
Series B Convertible Preferred Stock	Â ⁽¹⁾	Â ⁽¹⁾	Common Stock	1,356,727	$ ⁽¹⁾	I ⁽⁶⁾ ⁽⁷⁾	See footnotes ⁽⁶⁾ ⁽⁷⁾
Series C Convertible Preferred Stock	Â ⁽²⁾	Â ⁽²⁾	Common Stock	1,065,071	$ ⁽²⁾	I ⁽⁶⁾ ⁽⁷⁾	See footnotes ⁽⁶⁾ ⁽⁷⁾
Series D Convertible Preferred Stock	Â ⁽³⁾	Â ⁽³⁾	Common Stock	1,818,659	$ ⁽³⁾	I ⁽⁶⁾ ⁽⁷⁾	See footnotes ⁽⁶⁾ ⁽⁷⁾
Series E Convertible Preferred Stock	Â ⁽³⁾	Â ⁽³⁾	Common Stock	757,357	$ ⁽³⁾	I ⁽⁶⁾ ⁽⁷⁾	See footnotes ⁽⁶⁾ ⁽⁷⁾
9% Junior Convertible Secured Notes due 2014	Â ⁽⁴⁾	Â ⁽⁴⁾	Common Stock	577,227	$ ⁽⁴⁾	I ⁽⁶⁾ ⁽⁷⁾	See footnotes ⁽⁶⁾ ⁽⁷⁾
Common Stock Warrants	Â ⁽⁵⁾	06/14/2016	Common Stock	45,252	$ 5.27	I ⁽⁶⁾ ⁽⁷⁾	See footnotes ⁽⁶⁾ ⁽⁷⁾
Common Stock Warrants	Â ⁽⁵⁾	11/16/2016	Common Stock	34,101	$ 5.27	I ⁽⁶⁾ ⁽⁷⁾	See footnotes ⁽⁶⁾ ⁽⁷⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Loeb Daniel S C/O THIRD POINT LLC 390 PARK AVENUE NEW YORK,Â NYÂ 10022	Â X	Â X	Â	See Remarks
Third Point LLC 390 PARK AVENUE NEW YORK,Â NYÂ 10022	Â X	Â X	Â	See Remarks
Third Point Offshore Master Fund, L.P. C/O THIRD POINT LLC 390 PARK AVENUE NEW YORK,Â NYÂ 10022	Â X	Â X	Â	See Remarks
THIRD POINT PARTNERS LP C/O THIRD POINT LLC 390 PARK AVENUE NEW YORK,Â NYÂ 10022	Â X	Â X	Â	See Remarks
THIRD POINT PARTNERS QUALIFIED L P C/O THIRD POINT LLC 390 PARK AVENUE NEW YORK,Â NYÂ 10022	Â X	Â X	Â	See Remarks
Third Point Ultra Master Fund L.P. C/O THIRD POINT LLC 390 PARK AVENUE NEW YORK,Â NYÂ 10022	Â X	Â X	Â	See Remarks

Signatures

/s/ William Song, as Attorney-in-Fact for Daniel S. Loeb		03/30/2012
^**Signature of Reporting Person		Date
/s/ William Song, as Attorney-in-Fact for Daniel S. Loeb, Chief Executive Officer of Third Point LLC		03/30/2012
^**Signature of Reporting Person		Date
/s/ William Song, as Attorney-in-Fact for Daniel S. Loeb, Authorized person of the general partner of Third Point Offshore Master Fund L.P.		03/30/2012
^**Signature of Reporting Person		Date
/s/ William Song, as Attorney-in-Fact for Daniel S. Loeb, Authorized person of the general partner of Third Point Partners L.P.		03/30/2012
^**Signature of Reporting Person		Date
/s/ William Song, as Attorney-in-Fact for Daniel S. Loeb, Authorized person of the general partner of Third Point Partners Qualified L.P.		03/30/2012
^**Signature of Reporting Person		Date
/s/ William Song, as Attorney-in-Fact for Daniel S. Loeb, Authorized person of the general partner of Third Point Ultra Master Fund L.P.		03/30/2012
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	The Series B Convertible Preferred Stock ("Series B") is convertible at the holder's election at any time or automatically upon the consummation of a firm commitment underwritten registered offering if certain price thresholds are met. Series B is convertible into shares of common stock of the Issuer ("Common Stock") in a ratio of 1:1.898 and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series B will be converted into shares of Common Stock.
(2)	The Series C Convertible Preferred Stock ("Series C") is convertible at the holder's election at any time or automatically upon the consummation of a firm commitment underwritten registered offering if certain price thresholds are met. Series C is convertible into shares of Common Stock in a ratio of 1:2.514 basis and has no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series C will be converted into shares of Common Stock.
(3)	The Series D Convertible Preferred Stock ("Series D") and the Series E Convertible Preferred Stock ("Series E") are convertible at the holder's election at any time or automatically upon the consummation of a firm commitment underwritten registered offering if certain price thresholds are met. Series D and Series E are convertible into shares of Common Stock on a one-for-one basis and have no expiration date. Immediately prior to the closing of the Issuer's initial public offering, all shares of Series D and Series E will be converted into shares of Common Stock.
(4)	The 9% Junior Convertible Secured Notes due 2014 (the "Notes") are convertible at the holder's election at any time prior to the expiration date or automatically upon the consummation of a firm commitment underwritten registered offering. Immediately prior to the closing of the Issuer's initial public offering, all Notes will be converted into shares of Common Stock. The principal amount of the Notes, plus interest accrued at 9% per annum, shall automatically convert into shares of Common Stock at the lesser of (a) $8.89 per share; or (b) the price per share of Common Stock upon the closing of the Issuer's initial public offering.
(5)	The common stock warrants are exercisable at the holder's election at any time prior to the expiration date.
(6)	Third Point LLC ("Third Point") acts as the investment manager of certain funds and managed accounts (the "Funds"), including Third Point Offshore Master Fund L.P. ("Offshore Master"), Third Point Partners L.P. ("Partners"), Third Point Partners Qualified L.P. ("Qualified"), and Third Point Ultra Ltd. ("Ultra"). Third Point, as investment manager of the Funds, and Daniel S. Loeb, as Chief Executive Officer of Third Point, each may be deemed to beneficially own the shares of Common Stock into which the securities held by the Funds are convertible or exercisable. (continued to footnote 7)
(7)	(continued from footnote 6) Each of Third Point and Mr. Loeb disclaims beneficial ownership of any securities reported herein except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that Third Point or Mr. Loeb is the beneficial owner of or has any pecuniary interest in such securities for purposes of Section 16 of the Securities Exchange Act, as amended (the "Act") and the rules promulgated thereunder or for any other purpose. Each of Partners, Qualified, Offshore Master and Ultra hereby disclaims beneficial ownership of any securities reported herein other than those that it directly holds, for purposes of Section 16 of the Act and the rules promulgated thereunder or for any other purpose.
Â Remarks: MemberÂ ofÂ 13(d)Â groupÂ owningÂ moreÂ thanÂ 10%.Â RobertÂ Schwartz,Â whoÂ servesÂ asÂ aÂ memberÂ ofÂ theÂ boardÂ ofÂ theÂ directorsÂ ofÂ theÂ Issuer,Â is aÂ managingÂ partnerÂ ofÂ ThirdÂ PointÂ Ventures,Â anÂ affiliateÂ ofÂ ThirdÂ Point.Â Â Mr.Â SchwartzÂ mayÂ beÂ deemedÂ toÂ beÂ aÂ memberÂ ofÂ aÂ SectionÂ 13(d) "group"Â withÂ theÂ Funds,Â ThirdÂ PointÂ andÂ Mr.Â Loeb.Â Â AsÂ aÂ resultÂ ofÂ Mr.Â Schwartz'sÂ appointmentÂ toÂ theÂ boardÂ ofÂ directors ofÂ theÂ IssuerÂ byÂ ThirdÂ PointÂ pursuantÂ toÂ itsÂ exerciseÂ ofÂ aÂ contractualÂ right,Â ThirdÂ PointÂ mayÂ beÂ consideredÂ aÂ directorÂ byÂ deputization. Â Mr.Â SchwartzÂ hasÂ filedÂ aÂ separateÂ FormÂ 3Â disclosingÂ hisÂ personalÂ holdingsÂ ofÂ securitiesÂ ofÂ theÂ Issuer. *Â TheÂ PowerÂ ofÂ AttorneyÂ grantedÂ byÂ DanielÂ S.Â LoebÂ inÂ favorÂ ofÂ JamesÂ P.Â Gallagher,Â WilliamÂ SongÂ andÂ JoshuaÂ L.Â Targoff,Â datedÂ February 9,Â 2011,Â wasÂ previouslyÂ filedÂ withÂ theÂ SECÂ onÂ FebruaryÂ 11,Â 2011Â asÂ anÂ exhibitÂ toÂ AmendmentÂ No.Â 99.2Â toÂ ScheduleÂ 13GÂ filedÂ byÂ Third PointÂ LLCÂ andÂ DanielÂ S.Â LoebÂ withÂ respectÂ toÂ CitadelÂ BroadcastingÂ CorporationÂ andÂ isÂ incorporatedÂ hereinÂ byÂ reference. ExhibitÂ List 99.1Â JointÂ FilerÂ InformationÂ forÂ ThirdÂ PointÂ LLC 99.2Â JointÂ FilerÂ InformationÂ forÂ ThirdÂ PointÂ OffshoreÂ MasterÂ FundÂ L.P. 99.3Â JointÂ FilerÂ InformationÂ forÂ ThirdÂ PointÂ PartnersÂ L.P. 99.4Â JointÂ FilerÂ InformationÂ forÂ ThirdÂ PointÂ PartnersÂ QualifiedÂ L.P. 99.5Â JointÂ FilerÂ InformationÂ forÂ ThirdÂ PointÂ UltraÂ MasterÂ FundÂ L.P.

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