Form Type: 4

SEC EDGAR Link
Accession Number:0001140361-20-017218
Date:2020-07-31
Issuer: TERRAFORM POWER, INC. (TERP)
Original Submission Date:

Reporting Person:

OSMARS KIMBALL
200 LIBERTY STREET
14TH FLOOR NEW YORK, NY 10281

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2020-07-31 D 3,605 d $0.00 0 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2020-07-31 deemed execution date D 20,794 (d) class a common stock 20,794 $0.00 0 direct
Footnotes
IDfootnote
f1 on july 31, 2020, pursuant to the agreement and plan of reorganization (the "reorganization agreement"), dated as of march 16, 2020, among brookfield renewable partners l.p. ("bep"), brookfield renewable corporation ("bepc"), 2252876 alberta ulc, a wholly owned direct subsidiary of bep, terraform power, inc. ("terraform power") and terraform power ny holdings, inc. ("holdings"), pursuant to which terraform power merged with and into holdings, with holdings surviving the merger (the "reincorporation merger").
f2 (continued from footnote 1) pursuant to the reorganization agreement, at the effective time of the reincorporation merger, each share of class a common stock, par value $0.01, of terraform power was acquired for consideration equivalent to 0.47625 of a bep unit. for each share of terraform power's class a common stock held, terraform power stockholders were entitled to receive, at their election, either class a exchangeable subordinate voting shares of bepc or limited partnership interests in bep representing a fractional part of all the limited partner interests in bep.
f3 at the effective time of the reincorporation merger (the "reincorporation effective time"), each terraform power restricted stock unit outstanding as of the reincorporation effective time was converted into an award of the same type with respect to class b common stock, par value $0.01, of holdings on a one-for-one basis (with the same terms).
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