SEC Form 4 · accession 0001179110-16-026062
Clearway Energy, Inc. · CWEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian R. Ford
Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 8:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001567683
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class C Common Stock, par value $.01 per shareF1,F2 | Jun 1, 2016 | A | 5,876 | — | A | 14,967 | D | |
| Class A Common Stock, par value $.01 per shareF3,F4 | Jun 1, 2016 | A | 77 | — | A | 6,072 | D | |
| Class C Common Stock, par value $.01 per shareF3,F5 | Jun 1, 2016 | A | 206 | — | A | 15,175 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 5,876 Deferred Stock Units issued to the Reporting Person by NRG Yield, Inc. under NRG Yield, Inc.'s Amended and Restated Equity Incentive Plan.
- F2Each Deferred Stock Unit is equivalent in value to one share of NRG Yield, Inc.'s Class C Common Stock, par value $.01 per share. The Reporting Person will receive from NRG Yield, Inc. one such share of Class C Common Stock for each Deferred Stock Unit he/she owns upon termination of his/her service on NRG Yield, Inc.'s Board of Directors.
- F3Represents dividend equivalent rights accrued on the Reporting Person's Deferred Stock Units, which become exercisable proportionately with the Deferred Stock Units to which they relate and may only be settled in Class A or Class C Common Stock of NRG Yield, Inc. as determined by the Deferred Stock Units to which they relate.
- F4The number of derivative securities reported in column 5 includes in the aggregate 525 dividend equivalent rights that may only be settled in Class A Common Stock.There has been a de minimus adjustment to the number of dividend equivalent rights as a result of rounding of fractional shares.
- F5The number of derivative securities reported in column 5 includes in the aggregate 801 dividend equivalent rights that may only be settled in Class C Common Stock. There has been a de minimus adjustment to the number of dividend equivalent rights as a result of rounding of fractional shares.