Statement of Changes in Beneficial Ownership (4)
20 Mai 2021 - 1:33AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Howell Kevin |
2. Issuer Name and Ticker or Trading Symbol
ATLANTIC POWER CORP
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AT
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O ATLANTIC POWER CORPORATION, 3 ALLIED DRIVE, SUITE 155 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/14/2021 |
(Street)
DEDHAM, MA 02026
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common shares | 5/14/2021 | | J(1) | | 193000 | D | $3.03 | 0 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Deferred share units | (2) | 5/14/2021 | | D (3) | | | 191211 | (2) | (2) | Common shares | 191211 | $3.03 | 0 | D | |
Explanation of Responses: |
(1) | 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. |
(2) | 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. |
(3) | 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 |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Howell Kevin C/O ATLANTIC POWER CORPORATION 3 ALLIED DRIVE, SUITE 155 DEDHAM, MA 02026 | X |
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Signatures
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/s John S. Miele, attorney-in-fact | | 5/19/2021 |
**Signature of Reporting Person | Date |
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