SEC Form 4 · accession 0000899243-17-018902
TPI COMPOSITES, INC · TPIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wayne G Monie
Officer — See Remarks
Period of report
Jul 22, 2017
Accepted (ET)
Jul 25, 2017 · 4:59 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 | 34,200 | $0.00 | A | 128,949 | D | |
| Common StockF1 | Jul 24, 2017 | F | 10,278 | $18.37 | D | 118,671 | 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 | 34,200 | D | — | — | Common Stock | 34,200 | 68,400 | D |
Explanation of responses
- F1Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 34,200 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.
Remarks
Chief Manufacturing Technology Officer