4//SEC Filing
Palter Gilbert Samuel 4
Accession 0001179110-21-005603
CIK 0001419242other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 8:31 PM ET
Size
14.1 KB
Accession
0001179110-21-005603
Insider Transaction Report
Form 4
Palter Gilbert Samuel
Director
Transactions
- Other
Cumulative Floating Rate Preferred Stock, Series III
2021-05-14$18.07/sh−3,500$63,245→ 0 total - Other
7.0% Cumulative Rate Reset Preferred Stock, Series II
2021-05-14$18.07/sh−2,000$36,140→ 0 total(indirect: Held by EGADS Investments LP, an entity wholly-owned by himself and his immediate family) - Disposition to Issuer
Deferred share units
2021-05-14$3.03/sh−162,151$491,318→ 0 total→ Common shares (162,151 underlying) - Other
Common shares
2021-05-14$3.03/sh−625,000$1,893,750→ 0 total(indirect: Held by EGADS Investments LP, an entity wholly-owned by himself and his immediate family) - Other
Cumulative Floating Rate Preferred Stock, Series III
2021-05-14$18.07/sh−15,000$271,050→ 0 total(indirect: Held by EGADS Investments LP, an entity wholly-owned by himself and his immediate family)
Footnotes (5)
- [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]Pursuant to the terms of the Agreement, the Purchasers purchased each share of APPEL's 7.00% Cumulative Rate Reset Preferred Stock, Series II, par value $20.53, at a price per share of $18.07, net to the seller in cash, without interest thereon and less any required withholding taxes. The purchase price was denominated in Canadian dollars ("CDN. $") and is reported on this Form 4 in U.S. dollars ("U.S. $") based on the closing buying rate on May 14, 2021, of Canadian dollars, as reported by the Bank of Canada, of Cdn. $1.21 = U.S. $1.00.
- [F3]Pursuant to the terms of the Agreement, the Purchasers purchased each share of APPEL's Cumulative Floating Rate Preferred Stock, Series III, par value $20.53, at a price per share of $18.07, net to the seller in cash, without interest thereon and less any required withholding taxes. The purchase price was denominated in Canadian dollars ("CDN. $") and is reported on this Form 4 in U.S. dollars ("U.S. $") based on the closing buying rate on May 14, 2021, of Canadian dollars, as reported by the Bank of Canada, of Cdn. $1.21 = U.S. $1.00.
- [F4]Represents previously reported awards of deferred share units ("DSUs") granted under the Company's Deferred Share Unit Plan, 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 Common Share.
- [F5]Pursuant to the terms of the Agreement, 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.
Documents
Issuer
ATLANTIC POWER CORP
CIK 0001419242
Entity typeother
Related Parties
1- filerCIK 0001645815
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 8:31 PM ET
- Size
- 14.1 KB