SEC Form 4 · accession 0001605961-15-000001
Northern Power Systems Corp. · NPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ciel R. Caldwell
Officer — Chief Financial Officer
Period of report
Aug 19, 2015
Accepted (ET)
Aug 21, 2015 · 10:46 am 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 | $0.44 | Aug 19, 2015 | A | 30,000 | A | Aug 19, 2016 | Aug 19, 2022 | Common Shares | 30,000 | 30,000 | D |
Explanation of responses
- F1The stock option becomes exercisable once the shares are vested. 33% of the shares vest on August 19, 2016, and the remaining shares vest in equal quarterly installments over the following two years.