Insider Trades - BELUR RAGHUVEER R

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BELUR RAGHUVEER R: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Enphase Energy, Inc. Officer NasdaqGM:ENPH (historical quotes, profile, other insiders)	20-Nov-12 29-Mar-12	10,526 275,330 285,856	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
20-Nov-12 20,746 ENPH Purchase at $2.40 - $2.45 per share.
(Cost of about $50,000)
4-Apr-12 40,862 ENPH Acquisition (Non Open Market)
29-Mar-12 66,079 ENPH Statement of Ownership
29-Mar-12 *275,330 ENPH Statement of Ownership

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
20-Nov-12	20,746	ENPH	Purchase at $2.40 - $2.45 per share. (Cost of about $50,000)
4-Apr-12	40,862	ENPH	Acquisition (Non Open Market)
29-Mar-12	66,079	ENPH	Statement of Ownership
29-Mar-12	*275,330	ENPH	Statement of Ownership