Northern Power Systems Corp. 4
4 · Northern Power Systems Corp. · Filed May 30, 2017
Insider Transaction Report
Form 4
HOKIN RICHARD N
Director
Transactions
- Award
Common Shares
2017-05-25+30,000→ 394,883 total
Holdings
- 1,870,260(indirect: By LLC)
Common Shares
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of NPS common stock. The grant represents an annual grant of restricted stock units to non-executive directors under the Northern Power Systems Corp. 2014 Stock Option and Incentive Plan. 25% of the shares vest upon grant and the remaining 75% vest in equal installments over the subsequent 3 quarters.
- [F2]Shares are held directly by CWE LLC. Mr. Hokin is the Manager of CWE LLC, and therefore may be deemed to hold voting and dispositive power over the shares held by CWE LLC. Mr. Hokin disclaims beneficial ownership of the shares held by CWE LLC.