SEC Form 4 · accession 0001599947-17-000096
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
Aug 31, 2017
Accepted (ET)
Sep 6, 2017 · 4:34 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Sep 1, 2017 | M | 60,000 | $13.80 | A | 103,193 | D | |
| Class A Common StockF2 | Sep 1, 2017 | F | 19,860 | $13.80 | D | 83,333 | D |
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)F3 | — | Aug 31, 2017 | D | 227 | A | — | — | Class A Common Stock | 227 | 99,968 | D |
| Restricted Stock Units (Class A common stock)F1 | — | Sep 1, 2017 | M | 60,000 | D | — | — | Class A Common Stock | 60,000 | 39,968 | D |
Explanation of responses
- F1This number of shares represents the time based vesting of restricted stock units awarded on September 1, 2015 under the Company's 2014 Second Amended and Restated Long-Term Incentive Plan.
- F2These shares were delivered to the Company to pay for the applicable withholding tax due upon vesting of restricted stock units.
- 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.