SEC Form 4 · accession 0001179110-16-021331

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

Mar 4, 2016

Accepted (ET)

Mar 8, 2016 · 5:59 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
Common shares^F3	Mar 4, 2016	M	822	—	A	121,101	D
Common shares^F3	Mar 4, 2016	F	411	$1.79	D	121,101	D
Common shares^F4	Mar 4, 2016	M	49,215	—	A	121,101	D
Common shares^F4	Mar 4, 2016	F	24,608	$1.79	D	121,101	D
Common shares^F5	Mar 4, 2016	M	29,429	—	A	121,101	D
Common shares^F5	Mar 4, 2016	F	14,714	$1.79	D	121,101	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Notional shares^F1,F2	—	Mar 4, 2016	A	134,078	A	—	—	Common shares	134,078	271,024	D
Notional shares^F6,F2	—	Mar 4, 2016	M	822	A	—	—	Common shares	822	271,024	D
Notional shares^F7,F2	—	Mar 4, 2016	M	49,215	A	—	—	Common shares	49,215	271,024	D
Notional shares^F8,F2	—	Mar 4, 2016	M	29,429	A	—	—	Common shares	29,429	271,024	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 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 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.
F4The 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.
F5The 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.
F6The 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).
F7The 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).
F8The 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).