Stinebaugh John 4
4 · TerraForm Power, Inc. · Filed Jul 31, 2020
Insider Transaction Report
Form 4
Stinebaugh John
Chief Executive Officer
Transactions
- Disposition to Issuer
Class A Common Stock
2020-07-31−8,100→ 0 total
Footnotes (2)
- [F1]On July 31,2020, pursuant to the Agreement and Plan of Reorganization (the "Reorganization Agreement"), dated as of March 16, 2020, among Brookfield Renewable Partners L.P. ("BEP"), Brookfield Renewable Corporation ("BEPC"), 2252876 Alberta ULC, a wholly owned direct subsidiary of BEP, TerraForm Power, Inc. ("TerraForm Power") and TerraForm Power NY Holdings, Inc. ("Holdings"), pursuant to which TerraForm Power merged with and into Holdings, with Holdings surviving the merger (the "Reincorporation Merger").
- [F2](continued from footnote 1) Pursuant to the Reorganization Agreement, at the effective time of the Reincorporation Merger, each share of Class A common stock, par value $0.01, of TerraForm Power was acquired for consideration equivalent to 0.47625 of a BEP unit. For each share of TerraForm Power's Class A common stock held, TerraForm Power stockholders were entitled to receive, at their election, either Class A exchangeable subordinate voting shares of BEPC or limited partnership interests in BEP representing a fractional part of all the limited partner interests in BEP.