SEC Form 4 · accession 0000899243-17-018897
TPI COMPOSITES, INC · TPIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven C Lockard
Officer — President and CEO · Director
Period of report
Jul 22, 2017
Accepted (ET)
Jul 25, 2017 · 4:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001455684
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 22, 2017 | M | 92,160 | $0.00 | A | 247,721 | D | |
| Common StockF1 | Jul 24, 2017 | F | 38,566 | $18.37 | D | 209,155 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Jul 22, 2017 | M | 92,160 | D | — | — | Common Stock | 92,160 | 184,320 | D |
Explanation of responses
- F1Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 92,160 restricted stock units.
- F2One-third of the restricted stock units vest on each of the first, second and third anniversaries of the effective date of the initial public offering of the Issuer; provided, that the Reporting Person continues to provide service to the Issuer through each applicable vesting date. The restricted stock units do not have an expiration date.
- F3Each restricted stock unit represents a contingent right to receive one share of the common stock. All unvested restricted stock units will automatically expire upon Reporting Person's termination of service from Issuer.