SEC Form 4 · accession 0001209191-17-036235
Northern Power Systems Corp. · NPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William St. Lawrence
Officer — General Counsel & Secretary
Period of report
May 25, 2017
Accepted (ET)
May 30, 2017 · 6:20 pm EDT
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 | $0.16 | May 25, 2017 | A | 70,000 | A | — | May 25, 2027 | Common Stock | 70,000 | 70,000 | D |
Explanation of responses
- F1The shares underlying the stock option becomes exercisable once the shares are vested. 33% of the shares vest on May 25, 2018, and the remaining shares vest in equal quarterly installments over the following two years.