<SEC-DOCUMENT>0001181431-12-020573.txt : 20120329
<SEC-HEADER>0001181431-12-020573.hdr.sgml : 20120329
<ACCEPTANCE-DATETIME>20120329194043
ACCESSION NUMBER:		0001181431-12-020573
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120329
FILED AS OF DATE:		20120329
DATE AS OF CHANGE:		20120329

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Enphase Energy, Inc.
		CENTRAL INDEX KEY:			0001463101
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				204645388
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		201 1ST STREET SUITE 100
		CITY:			PETALUMA
		STATE:			CA
		ZIP:			94952
		BUSINESS PHONE:		707-774-7000

	MAIL ADDRESS:	
		STREET 1:		201 1ST STREET SUITE 100
		CITY:			PETALUMA
		STATE:			CA
		ZIP:			94952

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KPCB GREEN GROWTH FUND LLC
		CENTRAL INDEX KEY:			0001435898
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35480
		FILM NUMBER:		12725647

	BUSINESS ADDRESS:	
		STREET 1:		2750 SAND HILL ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		650-233-2750

	MAIL ADDRESS:	
		STREET 1:		2750 SAND HILL ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KPCB GGF Associates, LLC
		CENTRAL INDEX KEY:			0001500596
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35480
		FILM NUMBER:		12725648

	BUSINESS ADDRESS:	
		STREET 1:		2750 SAND HILL ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		650-233-2750

	MAIL ADDRESS:	
		STREET 1:		2750 SAND HILL ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
</SEC-HEADER>
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<ownershipDocument>

    <schemaVersion>X0205</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2012-03-29</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001463101</issuerCik>
        <issuerName>Enphase Energy, Inc.</issuerName>
        <issuerTradingSymbol>ENPH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001435898</rptOwnerCik>
            <rptOwnerName>KPCB GREEN GROWTH FUND LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2750 SAND HILL ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001500596</rptOwnerCik>
            <rptOwnerName>KPCB GGF Associates, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2750 SAND HILL ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MENLO PARK</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94025</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>10% Holder</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>230794</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Series E Convertible Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
                <footnoteId id="F5"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1929944</value>
                    <footnoteId id="F1"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Convertible Promissory Notes</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
                <footnoteId id="F6"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityValue>
                    <value>10106903.75</value>
                </underlyingSecurityValue>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Reflects a 1-for-9.08 reverse stock split of the Company's issued and outstanding securities effective March 23, 2012.</footnote>
        <footnote id="F2">The shares and notes are directly held by KPCB Green Grown Fund, LLC (&quot;GGF Fund&quot;).  The managing member for GGF Fund is KPCB GGF Associates, LLC (&quot;GGF Associates&quot;). The voting and dispositive control over the shares is shared by individual managing directors of GGF Associates, none of whom has veto power. Excludes 11,306 shares of Common Stock, 94,543 shares of Series E Convertible Preferred Stock and $495,114.24 of principal and accrued interest due on the Convertible Promissory Notes in the aggregate beneficially owned by individuals and entities associated with Kleiner Perkins Caufield &amp; Byers and held for convenience in the name of &quot;KPCB Holdings, Inc. as nominee,&quot; for the accounts of such individuals and entities who each exercise their own voting and dispositive control over such shares.</footnote>
        <footnote id="F3">Immediately convertible into shares of the Issuer's common stock.</footnote>
        <footnote id="F4">The shares have no expiration date.</footnote>
        <footnote id="F5">The shares will automatically convert into 1,929,944 shares of the Issuer's common stock immediately prior to the closing of the Issuer's initial public offering.</footnote>
        <footnote id="F6">Principal and accrued interest (9% per annum) of $10,106,903.75, shall automatically convert into shares of common stock at the lesser of (a) $8.8984/share or (b) the IPO price upon the closing of the Issuer's initial public offering.</footnote>
    </footnotes>

    <remarks>GGF Associates and its members disclaim beneficial ownership of these shares except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that GGF Associates or any of its members is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.</remarks>

    <ownerSignature>
        <signatureName>/s/ Susan Biglieri by power of attorney for KPCB Green Growth Fund, LLC</signatureName>
        <signatureDate>2012-03-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Susan Biglieri by power of attorney for KPCB GGF Associates, LLC</signatureName>
        <signatureDate>2012-03-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
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<DOCUMENT>
<TYPE>EX-24.
<SEQUENCE>2
<FILENAME>rrd305191_344344.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
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rrd305191_344344.html
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<PRE>
POWER OF ATTORNEY
              Each of the undersigned entities and individuals (collectively, the "Reporting Persons") hereby authorizes and designates KPCB Green Growth Fund, LLC, or such other person or entity as is designated in writing by Theodore E. Schlein (the "Designated Filer") as the beneficial owner to prepare and file on behalf of such Reporting Person individually, or jointly together with the other Reporting Persons, any and all reports, notices, communications and other documents (including, but not limited to, reports on Schedule 13D, Schedule 13G, Form 13-F, Form 3, Form 4 and Form 5) that such Reporting Person may be required to file with the United States Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (together with the implementing regulations thereto, the "Act") and the Securities Exchange Act of 1934, as amended (together with the implementing regulations thereto, the "Exchange Act") (collectively, the "Reports") with respect to each Reporting Person's ownership of, or transactions in, securities of any entity whose securities are beneficially owned (directly or indirectly) by such Reporting Person (collectively, the "Companies").
              Each Reporting Person hereby further authorizes and designates Susan Biglieri and Eric Keller (each an "Authorized Signatory") to execute and file on behalf of such Reporting Person the Reports and to perform any and all other acts, which in the opinion of the Designated Filer or Authorized Signatory may be necessary or incidental to the performance of the foregoing powers herein granted.
              The authority of the Designated Filer and the Authorized Signatory under this Document with respect to each Reporting Person shall continue until such Reporting Person is no longer required to file any Reports with respect to the Reporting Person's ownership of, or transactions in, the securities of the Companies, unless earlier revoked in writing.  Each Reporting Person acknowledges that the Designated Filer and the Authorized Signatory are not assuming any of the Reporting Person's responsibilities to comply with the Act or the Exchange Act.


February 29, 2012	KPCB Green Growth Fund, LLC
	By: KPCB GGF Associates, LLC


	By:		/s/ Theodore E. Schlein
		Theodore E. Schlein,
		Managing Director

February 29, 2012	KPCB GGF Associates, LLC


	By:		/s/ Theodore E. Schlein
		Theodore E. Schlein,
		Managing Director

February 29, 2012

			/s/ Benjamin John Kortlang
		Benjamin John Kortlang






GDSVF&H\1448832.1


GDSVF&H\1448832.1




GDSVF&H\1448832.1



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