SEC Form 4 · accession 0001562180-18-001587
TPI COMPOSITES, INC · TPIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William E Siwek
Officer — CFO
Period of report
Mar 7, 2018
Accepted (ET)
Mar 9, 2018 · 4:24 pm EST
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 | Mar 7, 2018 | M | 4,004 | $0.00 | A | 31,561 | D | |
| Common StockF1 | Mar 7, 2018 | F | 1,684 | $20.27 | D | 29,877 | 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 | — | Mar 7, 2018 | M | 4,004 | D | — | — | Common Stock | 4,004 | 68,816 | D |
Explanation of responses
- F1Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 4,004 restricted stock units.
- F220% of this restricted stock unit award vested on March 7, 2018, 30% of the restricted stock units of this award will vest on March 7, 2019, and 50% of the restricted stock units of this award will vest on March 7, 2020; 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.