SEC Form 4 · accession 0001599947-16-000234
TerraForm Power, Inc. · TERP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
III Edward C Hall
Director
Period of report
Nov 21, 2016
Accepted (ET)
Dec 1, 2016 · 6:27 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,F2 | — | Nov 21, 2016 | A | 11,300 | A | — | — | Class A Common Stock | 11,300 | 11,300 | D |
Explanation of responses
- F1On November 21, 2016, 11,300 restricted stock units were awarded under the 2014 Second Amended and Restated Long-Term Incentive Plan in a transaction exempt under rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of TerraForm Power, Inc. Class A Common Stock.
- F2The 11,300 restricted stock units vest on the earliest of (i) May 25, 2017, (ii) the date the Participant resigns with the consent of the Board or (iii) the date the Participant is removed from the Board without cause. Vested shares will be delivered to the reporting person as outlined in the Restricted Stock Unit Award Agreement.