SEC Form 4 · accession 0001561660-18-000046
Pattern Energy Group Inc. · PEGI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel M. Elkort
Officer — Exec. VP and General Counsel
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 5:06 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 StockF1 | Mar 15, 2018 | D | 4,067 | $0.00 | D | 66,624 | D | |
| Class A Common StockF2 | Mar 15, 2018 | F | 2,813 | $18.55 | D | 63,811 | D | |
| Class A Common StockF3 | Mar 15, 2018 | A | 18,050 | $0.00 | A | 81,861 | D | |
| Class A Common StockF4 | Mar 15, 2018 | A | 11,806 | $0.00 | A | 93,667 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- 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, 8,133 shares would vest and 4,067 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.