D'Angelo James Patrick 4
4 · ATLANTIC POWER CORP · Filed May 19, 2021
Insider Transaction Report
Form 4
D'Angelo James Patrick
Chief Administrative Officer
Transactions
- Other
Common shares
2021-05-14$3.03/sh−168,058$509,216→ 0 total - Disposition to Issuer
Notional shares
2021-05-14$3.03/sh−90,879$275,363→ 0 total→ Common shares (90,879 underlying)
Footnotes (3)
- [F1]Pursuant to the terms of the Arrangement Agreement dated January 14, 2021 (the "Agreement") by and among Atlantic Power Corporation (the "Company"), Atlantic Power Preferred Equity Ltd. ("APPEL"), Atlantic Power Limited Partnership, Tidal Power Holdings Limited and Tidal Power Aggregator, LP (together with Tidal Power Holdings Limited, the "Purchasers"), the Purchasers purchased each share of Company common stock, no par value (each, a "Common Share") at a price per share of US$3.03, net to the seller in cash, without interest thereon and less any required withholding taxes.
- [F2]Represents previously reported awards of notional shares ("Notional Shares") granted under the Company's Long-Term Incentive Plans, which provide forsettlement of such Notional Shares upon vesting, which occurs ratably over a three year period or upon certain other events. Each Notional Share is equal to theeconomic equivalent of one Common Share.
- [F3]Pursuant to the terms of the Agreement, all outstanding awards of Notional Shares will vest in full and be cancelled and each person holding such Notional Shareswill be entitled to receive a cash payment from the Company equal to US$3.03 for each Common Share subject to his or her Notional Share awards, withoutinterest and less any applicable withholding taxes.