SEC Form 4 · accession 0001562180-18-001588
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
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 | 1,396 | $0.00 | A | 1,396 | D | |
| Common StockF1 | Mar 7, 2018 | F | 378 | $20.27 | D | 1,018 | 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 | $0.00 | Mar 7, 2018 | D | 1,396 | D | — | — | Common Stock | 1,396 | 5,584 | D |
Explanation of responses
- F1Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 1,396 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.
Remarks
Senior Vice President, North America Wind, and Global Operational Excellence