SEC Form 4 · accession 0001209191-16-155961
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
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 5:16 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,F2 | Dec 15, 2016 | P | 31,000 | $0.25 | A | 364,883 | D | |
| Common SharesF3 | holding | — | — | — | 1,870,260 | I | BY CWE LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.2481 to $0.2730, inclusive. The reporting person undertakes to provide to Northern Power Systems Corp., any security holder of Northern Power Systems Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) to this Form 4.
- F2Price reported is in Canadian dollars.
- F3Shares 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.