SEC Form 4 · accession 0001599947-15-000094
TerraForm Power, Inc. · TERP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Wuebbels
Officer — President & CEO · Director
Period of report
Dec 23, 2015
Accepted (ET)
Dec 28, 2015 · 4:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001599947
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (Class A common stock)F1 | Dec 23, 2015 | A | 50,000 | $12.66 | A | 90,000 | D | |
| Class A Common Stock | holding | — | — | — | 5,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each Restricted Stock Unit ("RSUs") represents a contingent right to receive one share of Issurer's common stock. The RSUs were awarded on December 23, 2015 under the 2014 Second Amended and Restated Long-Term Incentive Plan. The RSUs will vest 25% on the first and second anniversary of the grant date and 50% on the third anniversary of the grant date.