SEC Form 4 · accession 0001179110-19-002807

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 26, 2019

Accepted (ET)

Feb 28, 2019 · 5:01 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
Common shares^F1	Feb 26, 2019	M	16,760	—	A	171,064	D
Common shares	Feb 26, 2019	F	8,380	$2.72	D	171,064	D
Common shares^F2	Feb 26, 2019	M	21,008	—	A	171,064	D
Common shares	Feb 26, 2019	F	10,505	$2.72	D	171,064	D
Common shares^F3	Feb 26, 2019	M	27,640	—	A	171,064	D
Common shares	Feb 26, 2019	F	13,819	$2.72	D	171,064	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^F4	—	Feb 26, 2019	M	25,140	D	—	—	Common shares	25,140	206,343	D
Notional shares^F5	—	Feb 26, 2019	M	31,513	D	—	—	Common shares	31,513	206,343	D
Notional shares^F6	—	Feb 26, 2019	M	41,459	D	—	—	Common shares	41,459	206,343	D
Notional shares^F7	—	Feb 26, 2019	A	91,912	A	—	—	Common shares	91,912	206,343	D

Explanation of responses

F1The 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.
F2The 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.
F3The reporting person acquired shares pursuant to the vesting (disclosed on Table II) of notional shares awarded in 2018. 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 vested in respect of one-third of the notional shares granted in 2016.
F5The reporting person vested in respect of one-third of the notional shares granted in 2017.
F6The reporting person vested in respect of one-third of the notional shares granted in 2018.
F7Represents a grant of notional shares pursuant to the Company's Long-Term Incentive Plan (LTIP) in 2019 in respect of the 2018 performance year, which will vest ratably with respect to one-third on each of February 28, 2020, February 28, 2021 and February 28, 2022. 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.