Elkort Daniel M. 4
4 · Pattern Energy Group Inc. · Filed Mar 16, 2020
Insider Transaction Report
Form 4
Elkort Daniel M.
Exec. VP and General Counsel
Transactions
- Disposition to Issuer
Class A Common Stock
2020-03-16−90,441→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2020-03-16−44,283→ 0 totalExercise: $22.00Exp: 2023-09-25→ Class A Common Stock (44,283 underlying)
Footnotes (3)
- [F1]Certain of these securities were restricted shares and performance-based shares of the Issuer.
- [F2]Pursuant to the terms of the Agreement and Plan of Merger, dated as of November 3, 2019 (the "Merger Agreement"), among the Issuer, Pacific US Inc. and Pacific BidCo US Inc., each outstanding share of Class A common stock of the Issuer was converted automatically into the right to receive cash consideration of $26.75 per share (the "Merger Consideration") and each restricted share and performance-based share held by the reporting person was canceled in exchange for restricted shares of the entity surviving the merger with the Issuer.
- [F3]Pursuant to the Merger Agreement, each outstanding option was canceled and converted into the right to receive an amount in cash equal to the product of (x) the excess of the Merger Consideration over the per share exercise price of the option multiplied by (y) the aggregate number of shares of Class A common stock of the Issuer subject to such option