SEC Form 4 · accession 0001179110-16-021330
ATLANTIC POWER CORP · AT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Cofelice
Officer — EVP Commercial Development
Period of report
Mar 4, 2016
Accepted (ET)
Mar 8, 2016 · 5:58 pm EST
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 sharesF2 | Mar 4, 2016 | M | 23,084 | — | A | 345,709 | D | |
| Common sharesF2 | Mar 4, 2016 | F | 11,542 | $1.79 | D | 345,709 | 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,F4 | — | Mar 4, 2016 | A | 44,693 | A | — | — | Common shares | 44,693 | 113,946 | D |
| Notional sharesF3,F4 | — | Mar 4, 2016 | M | 23,084 | A | — | — | Common shares | 23,084 | 113,946 | D |
Explanation of responses
- F1Represents a grant of notional shares pursuant to the Company's Long-Term Incentive Plan (LTIP) in 2016 in respect of the 2015 performance year that vest ratably with respect to one-third on each of February 28, 2017, February 28, 2018 and February 28, 2019. 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 reporting person acquired shares pursuant to the vesting (disclosed on Table II) of notional shares awarded in 2015. 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.
- F3The reporting person vested in respect of one-third of the notional shares granted in 2015 (including additional notional shares accrued pursuant to dividend equivalent rights).
- F4The 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.