SEC Form 4 · accession 0001599947-17-000070

TerraForm Power, Inc. · TERP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer

Period of report

Mar 10, 2016

Accepted (ET)

May 30, 2017 · 6:25 pm EDT

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
Class A Common Stock^F1	Mar 10, 2016	M	170	$10.00	A	20,075	D
Class A Common Stock^F2	Mar 10, 2016	F	66	$10.00	D	20,009	D
Class A Common Stock^F1	Mar 10, 2017	M	170	$12.33	A	43,259	D
Class A Common Stock^F2	Mar 10, 2017	F	66	$12.33	D	43,193	D

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	—	Mar 10, 2016	M	170	D	—	—	Class A Common Stock	170	111,230	D
Restricted Stock Units (Class A common stock)^F3	—	Dec 29, 2016	D	906	D	—	—	Class A Common Stock	906	84,352	D
Restricted Stock Units (Class A common stock)^F1	—	Mar 10, 2017	M	170	D	—	—	Class A Common Stock	170	84,182	D
Restricted Stock Units (Class A common stock)^F3	—	May 23, 2017	D	227	D	—	—	Class A Common Stock	227	100,195	D

F1This number of shares represents the time based vesting of restricted stock units awarded on March 10, 2015 under the Company's 2014 Second Amended and Restated Long-Term Incentive Plan. 170 shares of Class A common stock vested on March 10, 2016 and 170 shares of Class A common stock vested on March 10, 2017. These transactions were previously unreported. The number of restricted stock units or shares of Class A common stock listed reflects beneficial ownership as of the time of the reported transaction and has subsequently changed.
F2This number of shares represents shares that were delivered to the Company to pay for the applicable withholding tax due upon vesting of restricted stock units. These transactions were previously unreported. The number of restricted stock units or shares of Class A common stock listed reflects beneficial ownership as of the time of the reported transaction and has subsequently changed.
F3This number of shares represents the cancellation of restricted stock units awarded on March 10, 2015 under the Company's 2014 Second Amended and Restated Long-Term Incentive Plan because the applicable DPS targets were not met. 906 RSUs, representing the first third of the performance based RSUs, were cancelled on December 29, 2016. This transaction was previously unreported. On May 23, 2017, an additional 227 RSUs were cancelled.