SEC Form 4 · accession 0001209191-16-153005
Northern Power Systems Corp. · NPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Simon
Director · 10% Owner
Period of report
Nov 30, 2016
Accepted (ET)
Dec 2, 2016 · 4:14 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 | 36,000 | $0.00 | A | 1,381,991 | D | |
| Common SharesF2 | holding | — | — | — | 1,139,533 | I | By Allen & Company 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.
- F2Mr. Simon is an employee of Allen & Company LLC, and does not hold voting or dispositive power over the 4,399,376 common shares held by Allen & Company LLC, but has a beneficial interest in 1,139,533 common shares held by Allen & Company LLC for the account of Mr. Simon.