SEC Form 4 · accession 0001599947-15-000016
TerraForm Power, Inc. · TERP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alejandro Hernandez
Officer — Chief Financial Officer
Period of report
Mar 16, 2015
Accepted (ET)
Mar 18, 2015 · 5:48 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001599947
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee stock option (right to buy)F1 | $29.31 | Mar 16, 2015 | A | 18,750 | A | Mar 16, 2015 | Sep 29, 2024 | Class A Common Stock | 18,750 | 93,750 | D |
Explanation of responses
- F1On September 29, 2014, the Reporting Person was granted options to purchase 150,000 shares of common stock. The grant of the option to purchase 75,000 of such shares was previously reported. The option to purchase the remaining 75,000 shares vests in four equal installments based on the satisfaction by TerraForm Power, Inc. of certain performance criteria based on its payment of quarterly dividends. The performance criteria for the vesting of 18,750 shares were met on March 16, 2015.