Key facts
- This page summarizes Gilbert Samuel Palter's Form 4 filing for ATLANTIC POWER CORP.
- 5 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 19 May 2021, 20:31.
Gilbert Samuel Palter - 14 May 2021 Form 4 Insider Report for ATLANTIC POWER CORP
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 14 May 2021
- Net transaction value
- -$2,755,503
- Reporting owner signature
- /s John S. Miele, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Gilbert Samuel Palter filed Form 4 for ATLANTIC POWER CORP on 19 May 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$2,755,503.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
AT
transaction
Common shares
Other
- Transaction value
- $1,893,750
- Shares
- -625,000
- Change %
- -100%
- Price
- $3.03
- Shares after
- 0
- Date
- 14 May 2021
- Ownership
- Held by EGADS Investments LP, an entity wholly-owned by himself and his immediate family
- Footnotes
- F1
AT
transaction
7.0% Cumulative Rate Reset Preferred Stock, Series II
Other
- Transaction value
- $36,140
- Shares
- -2,000
- Change %
- -100%
- Price
- $18.07*
- Shares after
- 0
- Date
- 14 May 2021
- Ownership
- Held by EGADS Investments LP, an entity wholly-owned by himself and his immediate family
- Footnotes
- F2
AT
transaction
Cumulative Floating Rate Preferred Stock, Series III
Other
- Transaction value
- $63,245
- Shares
- -3,500
- Change %
- -100%
- Price
- $18.07*
- Shares after
- 0
- Date
- 14 May 2021
- Ownership
- Direct
- Footnotes
- F3
AT
transaction
Cumulative Floating Rate Preferred Stock, Series III
Other
- Transaction value
- $271,050
- Shares
- -15,000
- Change %
- -100%
- Price
- $18.07*
- Shares after
- 0
- Date
- 14 May 2021
- Ownership
- Held by EGADS Investments LP, an entity wholly-owned by himself and his immediate family
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AT
transaction
Derivative
Deferred share units
Disposed to Issuer
- Transaction value
- $491,318
- Shares
- -162,151
- Change %
- -100%
- Price
- $3.03
- Shares after
- 0
- Date
- 14 May 2021
- Ownership
- Direct
- Underlying class
- Common shares
- Underlying amount
- 162,151
- Exercise price
- Footnotes
- F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 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
Pursuant to the terms of the Agreement, the Purchasers purchased each share of APPEL's 7.00% Cumulative Rate Reset Preferred Stock, Series II, par value $20.53, at a price per share of $18.07, net to the seller in cash, without interest thereon and less any required withholding taxes. The purchase price was denominated in Canadian dollars ("CDN. $") and is reported on this Form 4 in U.S. dollars ("U.S. $") based on the closing buying rate on May 14, 2021, of Canadian dollars, as reported by the Bank of Canada, of Cdn. $1.21 = U.S. $1.00.
Footnote F3
Pursuant to the terms of the Agreement, the Purchasers purchased each share of APPEL's Cumulative Floating Rate Preferred Stock, Series III, par value $20.53, at a price per share of $18.07, net to the seller in cash, without interest thereon and less any required withholding taxes. The purchase price was denominated in Canadian dollars ("CDN. $") and is reported on this Form 4 in U.S. dollars ("U.S. $") based on the closing buying rate on May 14, 2021, of Canadian dollars, as reported by the Bank of Canada, of Cdn. $1.21 = U.S. $1.00.
Footnote F4
Represents previously reported awards of deferred share units ("DSUs") granted under the Company's Deferred Share Unit Plan, which provide for the payment of all accrued DSUs to the reporting person following his or her termination as a director. Each DSU is equal to the economic equivalent of one Common Share.
Footnote F5
Pursuant to the terms of the Agreement, all outstanding awards of DSUs will be cancelled and each non-employee director holding such DSUs will be entitled to receive a cash payment from the Company equal to US$3.03 for each Common Share subject to his or her DSU awards, without interest and less any applicable withholding taxes.