Deschler Sebastian 4
4 · TerraForm Power, Inc. · Filed Oct 18, 2017
Insider Transaction Report
Form 4Exit
Deschler Sebastian
SVP, General Counsel & Sec.
Transactions
- Disposition from Tender
Class A Common Stock
[F1]2017-10-16$9.52/sh−79,311$755,041→ 62,548 total - Exercise/Conversion
Restricted Stock Units (Class A common stock)
[F2]2017-10-16$9.52/sh−22,448$213,705→ 0 total→ Class A Common Stock (22,448 underlying)
Footnotes (2)
- [F1]Represents shares of Class A common stock that were converted into the right to receive $9.52 per share in connection with the closing of the merger and other transactions set forth in the Merger and Sponsorship Transaction Agreement, dated as of March 6, 2017, by and among TerraForm Power, Inc., Orion US Holdings 1 L.P. and BRE TERP Holdings Inc.
- [F2]In connection with the merger and other transactions set forth in the Merger and Sponsorship Transaction Agreement, dated as of March 6, 2017, by and among TerraForm Power, Inc., Orion US Holdings 1 L.P. and BRE TERP Holdings Inc., for each restricted stock unit and share of Class A common stock held by the filer, the filer was given the option to elect to receive either $9.52 per share or to retain a share of Class A common stock, subject to proration. On October 16, 2017, after taking into account the applicable proration, 22,448 shares of Class A common stock underlying vested RSUs were converted into the right to receive $9.52 per share in cash and 0 shares of Class A common stock underlying vested RSUs remained outstanding.
Signature
/s/ Sebastian Deschler|2017-10-18