SEC Form 4 · accession 0001599947-17-000120
TerraForm Power, Inc. · TERP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christian S. Fong
Director
Period of report
Oct 16, 2017
Accepted (ET)
Oct 18, 2017 · 6:54 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 Stock | Oct 16, 2017 | M | 8,017 | $0.00 | A | 8,017 | 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)F1 | — | Oct 16, 2017 | M | 8,017 | D | — | — | Class A Common Stock | 8,017 | 4,783 | D |
| Restricted Stock Units (Class A common stock)F1 | — | Oct 16, 2017 | M | 4,783 | D | — | — | Class A Common Stock | 4,783 | 0 | D |
Explanation of responses
- F1In connection with the merger and other transactions set forth in the Merger and Sponsorship Transaction Agreement, dated as of March 6, 2017, by and among TerraForm Power, Inc., Orion US Holdings 1 L.P. and BRE TERP Holdings Inc., for each restricted stock unit and share of Class A common stock held by the filer, the filer was given the option to elect to receive either $9.52 per share or to retain a share of Class A common stock, subject to proration. On October 16, 2017, after taking into account the applicable proration, 4,783 shares of Class A common stock underlying vested RSUs were converted into the right to receive $9.52 per share in cash and 8,107 shares of Class A common stock underlying vested RSUs remained outstanding.