SEC Form 4 · accession 0001179110-15-004975
ATLANTIC POWER CORP · AT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terrence Ronan
Officer — Chief Financial Officer
Period of report
Feb 23, 2015
Accepted (ET)
Mar 16, 2015 · 5:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001419242
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common sharesF3 | Feb 23, 2015 | M | 2,529 | — | A | 41,635 | D | |
| Common sharesF3 | Feb 23, 2015 | F | 1,264 | $2.75 | D | 41,635 | D | |
| Common sharesF4 | Feb 23, 2015 | M | 790 | — | A | 41,635 | D | |
| Common sharesF4 | Feb 23, 2015 | F | 395 | $2.75 | D | 41,635 | D | |
| Common sharesF5 | Feb 23, 2015 | M | 31,177 | — | A | 41,635 | D | |
| Common sharesF5 | Feb 23, 2015 | F | 15,589 | $2.75 | D | 41,635 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notional sharesF1,F2 | — | Feb 23, 2015 | A | 127,273 | A | — | — | Common shares | 127,273 | 246,172 | D |
| Notional sharesF6,F2 | — | Feb 23, 2015 | M | 2,529 | A | — | — | Common shares | 2,529 | 246,172 | D |
| Notional sharesF7,F2 | — | Feb 23, 2015 | M | 790 | A | — | — | Common shares | 790 | 246,172 | D |
| Notional sharesF8,F2 | — | Feb 23, 2015 | M | 31,177 | A | — | — | Common shares | 31,177 | 246,172 | D |
Explanation of responses
- F1Represents a grant of notional shares pursuant to the Company's Long-Term Incentive Plan ("LTIP") in 2015 in respect of the 2014 performance year that vest ratably with respect to one-third on each of February 28, 2016, February 28, 2017 and February 28, 2018. Under the LTIP, each notional share represents a right to receive one-third in cash, which will be deposited into the reporting persons applicable payroll tax withholding account, and the remainder in common shares.
- F2The amount of securities beneficially owned following the reported transactions reflect those holdings as of the date of this Form. The total includes dividend equivalent rights accrued on the notional shares previously earned pursuant to the LTIP. Dividend equivalent rights are credited in notional shares.
- F3The reporting person acquired shares pursuant to the vesting (disclosed on Table II) of notional shares awarded in 2012. Two thirds of the vested notional shares were settled in common shares and one third were settled in cash, which was deposited into the reporting persons applicable payroll tax withholding account.
- F4The reporting person acquired shares pursuant to the vesting (disclosed on Table II) of notional shares awarded in 2013. Two thirds of the vested notional shares were settled in common shares and one third were settled in cash, which was deposited into the reporting persons applicable payroll tax withholding account.
- F5The reporting person acquired shares pursuant to the vesting (disclosed on Table II) of notional shares awarded in 2014. Two thirds of the vested notional shares were settled in common shares and one third were settled in cash, which was deposited into the reporting persons applicable payroll tax withholding account.
- F6The reporting person vested in respect of one-third of the notional shares granted in 2012 (including additional notional shares accrued pursuant to dividend equivalent rights).
- F7The reporting person vested in respect of one-third of the notional shares granted in 2013 (including additional notional shares accrued pursuant to dividend equivalent rights).
- F8The reporting person vested in respect of one-third of the notional shares granted in 2014 (including additional notional shares accrued pursuant to dividend equivalent rights).