SEC Form 4 · accession 0001562180-19-000608
TPI COMPOSITES, INC · TPIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tyrone Michael Jordan
Director
Period of report
Jan 29, 2019
Accepted (ET)
Jan 31, 2019 · 4:25 pm EST
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 | — | Jan 29, 2019 | A | 1,540 | A | — | — | Common Stock | 1,540 | 1,540 | D |
| Stock Options (Right to buy)F3 | $29.17 | Jan 29, 2019 | A | 4,660 | A | — | Jan 29, 2029 | Common Stock | 4,660 | 4,660 | 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 shall vest on the earlier of (i) the one year anniversary of the grant date or (ii) the next annual meeting of stockholders of the Issuer, subject to the Reporting Person's continued service as a director pursuant to the Issuer's Non-Employee Director Compensation Policy.
- F325% of the securities vest on the first anniversary date of the grant and 6.25% vest on each quarterly anniversary thereafter, such that 100% of these securities vest on the fourth anniversary of this grant; provided the Reporting Person continues to provide service to the Issuer through each applicable vesting date. This award was granted on the date of the Reporting Person's appointment to the Issuer's Board of Directors pursuant to the Issuer's Non-Employee Director Compensation Policy.