SEC Form 4 · accession 0001209191-16-152664
Northern Power Systems Corp. · NPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ciel R. Caldwell
Officer — President & Chief Oper.Officer
Period of report
Nov 30, 2016
Accepted (ET)
Dec 1, 2016 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001605997
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | $0.25 | Nov 30, 2016 | A | 200,000 | A | Nov 30, 2017 | Nov 29, 2026 | Common Shares | 200,000 | 200,000 | D |
Explanation of responses
- F1The stock option becomes exercisable once the shares are vested. 33% of the shares vest on November 30, 2017, and the remaining shares vest in equal quarterly installments over the following two years.