Bransfield Stephen 4
4 · TPI COMPOSITES, INC · Filed Jul 24, 2018
Insider Transaction Report
Form 4
Bransfield Stephen
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-07-22−6,000→ 6,000 total→ Common Stock (6,000 underlying) - Exercise/Conversion
Common Stock
2018-07-22+6,000→ 15,740 total
Footnotes (2)
- [F1]One-third of the restricted stock units vest on each of the first, second and third anniversaries of the effective date of the initial public offering of the Issuer; provided, that the Reporting Person continues to provide service to the Issuer through each applicable vesting date. The restricted stock units do not have an expiration date.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock. All unvested restricted stock units will automatically expire upon the Reporting Person's termination of service from Issuer.