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PEGI Pattern Energy Group Inc

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Pattern Energy Group Inc NASDAQ:PEGI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Statement of Changes in Beneficial Ownership (4)

16/03/2020 11:07pm

Edgar (US Regulatory)


FORM 4 [X] 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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Garland Michael M.
2. Issuer Name and Ticker or Trading Symbol

Pattern Energy Group Inc. [ PEGI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Director and CEO
(Last)          (First)          (Middle)

1088 SANSOME STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

3/16/2020
(Street)

SAN FRANCISCO, CA 94111
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 3/16/2020  D  289124 (1)D (2)0 D  
Class A Common Stock 3/16/2020  D  100000 D (2)0 I See footnote (3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy) $22.0 3/16/2020  D (4)    175012   (4)9/25/2023 Class A Common Stock 175012.0  (4)0 D  

Explanation of Responses:
(1) Certain of these securities were restricted shares and performance-based shares of the Issuer.
(2) Pursuant to the terms of the Agreement and Plan of Merger, dated as of November 3, 2019 (the "Merger Agreement"), among the Issuer, Pacific US Inc. and Pacific BidCo US Inc., each outstanding share of Class A common stock of the Issuer was converted automatically into the right to receive cash consideration of $26.75 per share (the "Merger Consideration") and each restricted share and performance-based share held by the reporting person was canceled in exchange for restricted shares of the entity surviving the merger with the Issuer.
(3) By the Garland/Coe Revocable Trust dated May 29, 2008, of which the reporting person is a trustee and beneficiary.
(4) Pursuant to the Merger Agreement, each outstanding option was canceled and converted into the right to receive an amount in cash equal to the product of (x) the excess of the Merger Consideration over the per share exercise price of the option multiplied by (y) the aggregate number of shares of Class A common stock of the Issuer subject to such option.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Garland Michael M.
1088 SANSOME STREET
SAN FRANCISCO, CA 94111
X
Director and CEO

Signatures
/s/ Dyann S. Blaine, Attorney-in-fact3/16/2020
**Signature of Reporting PersonDate

1 Year Pattern Energy Chart

1 Year Pattern Energy Chart

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1 Month Pattern Energy Chart