SEC Form 4 · accession 0001561660-18-000039

Pattern Energy Group Inc. · PEGI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Exec. VP, Business Development

Period of report

Mar 15, 2018

Accepted (ET)

Mar 19, 2018 · 5:00 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001561660

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock^F1	Mar 15, 2018	D	5,791	$0.00	D	122,329	D
Class A Common Stock^F2	Mar 15, 2018	F	4,005	$18.55	D	118,324	D
Class A Common Stock^F3	Mar 15, 2018	A	23,283	$0.00	A	141,607	D
Class A Common Stock^F4	Mar 15, 2018	A	15,229	$0.00	A	156,836	D
Class A Common Stock^F5	holding	—	—		—	45,454	I	See footnote

No Table II lines on this filing.

F1Represents shares forfeited from performance based shares granted on April 10, 2015 (the "2015 TSR Award") that were eligible to vest based on certain financial performance objectives. Upon grant, the maximum vesting amount was reported in Table 1 of Form 4 filed April 14, 2015. On March 15, 2018, the Company determined that based on the Company's performance over the applicable performance period, 11,581 shares would vest and 5,791 shares would be forfeited.
F2Represents shares withheld for satisfaction of tax withholding obligation arising as a result of the vesting of the 2015 TSR Award. See footnote 1.
F3Represents the maximum number of shares granted pursuant to a performance share award which may become earned and vested based on relative total shareholder return over the three-year period ending December 31, 2020. The actual amount eligible for vesting will be between 0 and 100% of this number, depending on actual performance.
F4Represents a time-vested restricted share award which vests in 3 equal annual installments starting in December 2018.
F5By the 2011 Amended and Restated Armistead Family Trust, of which the reporting person is a trustee and beneficiary.