Terrence Ronan - 14 May 2021 Form 4 Insider Report for ATLANTIC POWER CORP

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
19 May 2021, 19:47:58 UTC
Next SEC filing
01 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s John S. Miele, attorney-in-fact

Key filing fact

Terrence Ronan filed Form 4 for ATLANTIC POWER CORP on 19 May 2021.

Key facts

  • This page summarizes Terrence Ronan's Form 4 filing for ATLANTIC POWER CORP.
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 19 May 2021, 19:47.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$2,437,323.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AT transaction

Common shares

Other

Transaction value
$1,980,520
Shares
-653,637
Change %
-100%
Price
$3.03
Shares after
0
Date
14 May 2021
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AT transaction Derivative

Notional shares

Disposed to Issuer

Transaction value
$456,803
Shares
-150,760
Change %
-100%
Price
$3.03
Shares after
0
Date
14 May 2021
Ownership
Direct
Underlying class
Common shares
Underlying amount
150,760
Exercise price
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Pursuant to the terms of the Arrangement Agreement dated January 14, 2021 (the "Agreement") by and among Atlantic Power Corporation (the "Company"), Atlantic Power Preferred Equity Ltd. ("APPEL"), Atlantic Power Limited Partnership, Tidal Power Holdings Limited and Tidal Power Aggregator, LP (together with Tidal Power Holdings Limited, the "Purchasers"), the Purchasers purchased each share of Company common stock, no par value (each, a "Common Share") at a price per share of US$3.03, net to the seller in cash, without interest thereon and less any required withholding taxes.

Footnote F2

Represents previously reported awards of notional shares ("Notional Shares") granted under the Company's Long-Term Incentive Plans, which provide forsettlement of such Notional Shares upon vesting, which occurs ratably over a three year period or upon certain other events. Each Notional Share is equal to theeconomic equivalent of one Common Share.

Footnote F3

Pursuant to the terms of the Agreement, all outstanding awards of Notional Shares will vest in full and be cancelled and each person holding such Notional Shareswill be entitled to receive a cash payment from the Company equal to US$3.03 for each Common Share subject to his or her Notional Share awards, withoutinterest and less any applicable withholding taxes.

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