SEC Form 4 · accession 0001209191-17-036243
Northern Power Systems Corp. · NPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexander Ellis III
Director · 10% Owner
Period of report
May 25, 2017
Accepted (ET)
May 30, 2017 · 6:26 pm EDT
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 | May 25, 2017 | A | 30,000 | $0.00 | A | 30,000 | D | |
| Common SharesF2 | holding | — | — | — | 4,892,665 | I | BY ROCKPORT CAPITAL PARTNERS III, LP | |
| Common SharesF3 | holding | — | — | — | 75,000 | I | By R P Capital Management LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of NPS common stock. The grant represents an annual grant of restricted stock units to non-executive directors under the Northern Power Systems Corp. 2014 Stock Option and Incentive Plan. 25% of the shares vest upon grant and the remaining 75% vest in equal installments over the subsequent 3 quarters.
- F2Shares are held directly by RockPort Capital Partners III, L.P. Mr. Ellis is a General Partner of RockPort Capital Partners III, L.P., and therefore may be deemed to hold voting and dispositive power over the shares held by RockPort Capital Partners III, L.P. Mr. Ellis disclaims beneficial ownership of the shares held by RockPort Capital Partners III, L.P.
- F3Shares are held directly by R P Capital Management LLC. Mr. Ellis is a General Partner of R P Capital Management LLC, and therefore may be deemed to hold voting and dispositive power over the shares held by R P Capital Management LLC. Mr. Ellis disclaims beneficial ownership of the shares held by R P Capital Management LLC. Mr. Ellis transferred the shares to R P Capital Management LLC.