SEC Form 4 · accession 0001179110-18-003181
ATLANTIC POWER CORP · AT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip Daniel Rorabaugh
Officer — SVP, Asset Management
Period of report
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 5:43 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 27, 2018 | M | 6,306 | — | A | 105,656 | D | |
| Common shares | Feb 27, 2018 | F | 3,153 | $2.01 | D | 105,656 | D | |
| Common sharesF2 | Feb 27, 2018 | M | 16,760 | — | A | 105,656 | D | |
| Common shares | Feb 27, 2018 | F | 8,380 | $2.01 | D | 105,656 | D | |
| Common sharesF3 | Feb 27, 2018 | M | 21,008 | — | A | 105,656 | D | |
| Common shares | Feb 27, 2018 | F | 10,504 | $2.01 | D | 105,656 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notional sharesF4 | — | Feb 27, 2018 | A | 124,378 | A | — | — | Common shares | 124,378 | 212,543 | D |
| Notional sharesF5 | — | Feb 27, 2018 | M | 9,459 | D | — | — | Common shares | 9,459 | 212,543 | D |
| Notional sharesF6 | — | Feb 27, 2018 | M | 25,140 | D | — | — | Common shares | 25,140 | 212,543 | D |
| Notional sharesF7 | — | Feb 27, 2018 | M | 31,513 | D | — | — | Common shares | 31,513 | 212,543 | 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.
- F3The reporting person acquired shares pursuant to the vesting (disclosed on Table II) of notional shares awarded in 2017. 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.
- F4Represents a grant of notional shares pursuant to the Company's Long-Term Incentive Plan (LTIP) in 2018 in respect of the 2017 performance year, which will vest ratably with respect to one-third on each of February 28, 2019, February 28, 2020 and February 28, 2021. 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.
- F5The reporting person vested in respect of one-third of the notional shares granted in 2015.
- F6The reporting person vested in respect of one-third of the notional shares granted in 2016.
- F7The reporting person vested in respect of one-third of the notional shares granted in 2017.