SEC Form 4 · accession 0001599947-15-000038
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
Jun 19, 2015
Accepted (ET)
Jun 23, 2015 · 2:16 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 | Jun 19, 2015 | A | 18,750 | A | Jun 19, 2015 | Sep 29, 2024 | Class A Common Stock | 18,750 | 112,500 | 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 an option to purchase 75,000 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 June 19, 2015, and it is the second vesting tranche for this award.