SEC Form 4 · accession 0001209191-16-153003
Northern Power Systems Corp. · NPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard N Hokin
Director
Period of report
Nov 30, 2016
Accepted (ET)
Dec 2, 2016 · 4:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001605997
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Nov 30, 2016 | A | 20,000 | $0.00 | A | 323,883 | D | |
| Common SharesF2 | holding | — | — | — | 1,870,260 | I | BY CWE LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were issued to the Reporting Person pursuant to the Northern Power Systems Corp. 2014 Stock Option and Incentive Plan in lieu of 50% of the director meeting fees. The shares are fully vested as of the grant date.
- F2Shares are held directly by CWE LLC. Mr. Hokin is the Manager of CWE LLC, and therefore may be deemed to hold voting and dispositive power over the shares held by CWE LLC. Mr. Hokin disclaims beneficial ownership of the shares held by CWE LLC.