Mottor Danielle S 4
4 · ATLANTIC POWER CORP · Filed May 19, 2021
Insider Transaction Report
Form 4
Mottor Danielle S
Director
Transactions
- Disposition to Issuer
Deferred share units
2021-05-14$3.03/sh−130,622$395,785→ 0 total→ Common shares (130,622 underlying)
Footnotes (2)
- [F1]Represents previously reported awards of deferred share units ("DSUs") granted under the Deferred Share Unit Plan of Atlantic Power Corporation (the "Company"), which provide for the payment of all accrued DSUs to the reporting person following his or her termination as a director. Each DSU is equal to the economic equivalent of one share of Company common stock, no par value (each, a "Common Share").
- [F2]Pursuant to the terms of the Arrangement Agreement dated January 14, 2021 by and among the Company, Atlantic Power Preferred Equity Ltd., Atlantic Power Limited Partnership, Tidal Power Holdings Limited and Tidal Power Aggregator, LP, all outstanding awards of DSUs will be cancelled and each non-employee director holding such DSUs will be entitled to receive a cash payment from the Company equal to US$3.03 for each Common Share subject to his or her DSU awards, without interest and less any applicable withholding taxes.