SEC Form 4 · accession 0001599947-16-000223
TerraForm Power, Inc. · TERP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rebecca Cranna
Officer — Chief Financial Officer
Period of report
Nov 18, 2016
Accepted (ET)
Nov 23, 2016 · 9:46 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (Class A common stock)F1 | — | Nov 18, 2016 | A | 8,528 | A | — | — | Class A Common Stock | 8,528 | 119,928 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSUs") represents a contingent right to receive one share of Issuer's common stock. The RSUs were awarded on November 18, 2016 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