SEC Form 4 · accession 0001179110-17-003785
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
Feb 28, 2017
Accepted (ET)
Mar 3, 2017 · 1:01 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 sharesF1 | Feb 28, 2017 | M | 23,084 | — | A | 487,549 | D | |
| Common sharesF1 | Feb 28, 2017 | F | 11,542 | $2.38 | D | 487,549 | D | |
| Common sharesF2 | Feb 28, 2017 | M | 9,932 | — | A | 487,549 | D | |
| Common sharesF2 | Feb 28, 2017 | F | 4,966 | $2.38 | D | 487,549 | 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,F3 | — | Feb 28, 2017 | A | 159,664 | A | — | — | Common shares | 159,664 | 224,086 | D |
| Notional sharesF4 | — | Feb 28, 2017 | M | 23,084 | A | — | — | Common shares | 23,084 | 224,086 | D |
| Notional sharesF5 | — | Feb 28, 2017 | M | 9,932 | A | — | — | Common shares | 9,932 | 224,086 | D |
Explanation of responses
- F1The 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.
- F2The reporting person acquired shares pursuant to the vesting (disclosed on Table II) of notional shares awarded in 2016. 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.
- F3Represents a grant of notional shares pursuant to the Company's Long-Term Incentive Plan (LTIP) in 2017 in respect of the 2016 performance year. 50% of these notional units, or 79,832, will vest ratably with respect to one-third on each of February 28, 2018, February 28, 2019 and February 28, 2020. The remaining 50% will also vest one-third on each of February 28, 2018, February 28, 2019 and February 28, 2020, the amount being at the discretion of the Board of Directors. 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.
- F4The reporting person vested in respect of one-third of the notional shares granted in 2015.
- F5The reporting person vested in respect of one-third of the notional shares granted in 2016.