SEC Form 4 · accession 0001562180-17-003324
TPI COMPOSITES, INC · TPIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Castle
Officer — See Remarks
Period of report
Oct 23, 2017
Accepted (ET)
Oct 25, 2017 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001455684
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Oct 23, 2017 | A | 6,980 | A | — | — | Common Stock | 6,980 | 6,980 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of Common Stock. Unvested RSUs will automatically expire upon the Reporting Person's termination of service from the Issuer.
- F2The RSUs vest in three tranches as follows: 20% on March 7, 2018, 30% on March 7, 2019 and 50% on March 7, 2020; provided, that the Reporting Person continues to provide service to the Issuer through the applicable vesting date.
Remarks
Senior Vice President - North American Wind Operations and Global Operational Excellence