SEC Form 4 · accession 0001562180-18-001732
TPI COMPOSITES, INC · TPIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Lawrence DeRosa
Director · 10% Owner
Period of report
Mar 27, 2018
Accepted (ET)
Mar 29, 2018 · 4:01 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 StockF2 | Mar 27, 2018 | J | 50,000 | $0.00 | D | 8,048,848 | I | See Footnote |
| Common StockF3 | holding | — | — | — | 2,880 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a pro rata distribution from Element Partners II, L.P. ("EP II") and Element Partners II Intrafund, L.P. ("Intrafund") to their partners for no consideration pursuant to a Rule 10b5-1 trading plan.
- F27,928,123 shares of these securities are held of record by EP II and 120,725 shares of these securities are held of record by Intrafund. Element Partners II G.P., L.P. ("GP LP") is the general partner of both EP II and Intrafund, and GP LLC is the general partner of GP LP. The Reporting Person is a managing member of GP LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1943, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any.
- F3The Reporting Person is contractually obligated to turn over any proceeds from the sale of these shares to GP LLC and/or certain entities affiliated with GP LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of his pecuniary interest therein, if any.