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SEC Filings

10-K
TERRAFORM GLOBAL, INC. filed this Form 10-K on 06/15/2017
Entire Document
 

 
 
16,000

(17) 

 

 
11.63

 
4/27/2021

 
3/31/2015

 
536,547

(11) 
2,119,361

 

 

 
 
6,250

(17) 

 

 
3.45

 
4/25/2022

 
12/23/2015

 
37,500

(6) 
480,375

 

 

 
 
150,000

(17) 

 

 
2.13

 
5/16/2022

 

 

 

 

 

 
 
80,000

(17) 

 

 
1.76

 
7/24/2022

 

 

 

 

 

 
 
98,667

(17) 

 

 
3.27

 
9/18/2022

 

 

 

 

 

 
 
150,000

(17) 

 

 
9.58

 
7/18/2023

 

 

 

 

 


1.
The grant date of all stock option awards is ten years prior to the expiration date. Employees have three months from a termination date within which to exercise exercisable stock options.
2.
Based on SunEdison’s closing stock price on December 31, 2016 of $0.07, TerraForm Power, Inc.'s closing stock price on December 31, 2016 of $12.81, and the Company’s closing stock price on December 31, 2016 of $3.95.
3.
Represents RSUs granted under the TerraForm Power, Inc. 2014 Second Amended & Restated Long-Term Incentive Plan. These RSUs vest in full on May 27, 2017.
4.
Represents RSUs granted under the TerraForm Global, Inc. 2014 Long-Term Incentive Plan. These RSUs vest in full on May 27, 2017.
5.
Represents RSUs granted under the SunEdison, Inc. 2010 Amended and Restated Equity Incentive Plan. These RSUs vest in increments of 33%, 33%, and 34% over three years commencing on the first anniversary of the grant date.
6.
Represents RSUs granted under the TerraForm Power, Inc. 2014 Second Amended & Restated Long-Term Incentive Plan. These RSUs vest in increments of 25% on the first and second anniversary of the grant date, and 50% on the third anniversary of the grant date.
7.
Represents RSUs granted under the SunEdison, Inc. 2010 Amended and Restated Equity Incentive Plan. These RSUs vest in increments of 25% over four years commencing on the first anniversary of the grant date.
8.
Represents RSUs granted under the SunEdison, Inc. 2010 Amended and Restated Equity Incentive Plan. These RSUs are based on performance. There are three performance tiers, each of which represents one third of the entire grant. Each of the performance tiers are based on TerraForm Power's dividend-per-share targets, as predetermined and approved by SunEdison’s Compensation Committee. If the performance goals are not achieved, the applicable performance tiers are forfeited in their entirety. If certain performance goals are met by the first quarter or 2016, 2017 and 2018, as measured by the last twelve months, the first, second and third tier will vest at 50%, 75% or 100%.
9.
Represents RSUs granted under the TerraForm Power, Inc. 2014 Second Amended & Restated Long-Term Incentive Plan. These RSUs vest in increments of 25% over four years commencing on the first anniversary of the grant date.
10.
Represents RSUs granted under the TerraForm Power, Inc. 2014 Second Amended & Restated Long-Term Incentive Plan. These RSUs are based on performance. There are three performance tiers, each of which represents one third of the entire grant. Each of the performance tiers are based on TerraForm Power's dividend-per-share targets, as predetermined and approved by SunEdison’s Compensation Committee. If the performance goals are not achieved, the applicable performance tiers are forfeited in their entirety. If certain performance goals are met by the first quarter or 2016, 2017 and 2018, as measured by the last twelve months, the first, second and third tier will vest at 50%, 75% or 100%.
11.
Represents RSAs granted under the TerraForm Global, Inc. 2014 Long-Term Incentive Plan. These RSAs vest in increments of 25% over four years commencing
on the first anniversary of August 5, 2015.
12.
Represents RSUs granted under the SunEdison, Inc. 2010 Amended and Restated Equity Incentive Plan. These RSUs vest in increments of 25% on the first and second anniversary of the grant date, and 50% on the third anniversary of the grant date.
13.
Represents RSUs granted under the TerraForm Global, Inc. 2014 Long-Term Incentive Plan. These RSUs vest in increments of 25% on the first and second
anniversary of the grant date, and 50% on the third anniversary of the grant date.    
14.
Represents RSUs granted under the SunEdison, Inc. 2010 Amended and Restated Equity Incentive Plan. These RSUs vest, if at all, upon the achievement of certain performance criteria. If SunEdison’s stock price attains certain targets over the period ended June 30, 2016, that portion of the earned grant would vest at 50% on the grant date anniversary in 2017 and 50% on the grant date anniversary in 2018. If the stock price attained a set target from the period beginning July 1, 2016 until May 2, 2018, that portion of the earned grant would vest 50% on the grant date anniversary in 2017 and 50% on the grant date anniversary in 2018 or 100% in 2018 depending on the date the target is achieved.
15.
Mr. Wuebbels resigned from his position as President and Chief Executive Officer of the Company prior to December 31, 2016. However, since Mr. Wuebbels continued to be employed by SunEdison as of December 31, 2016 his outstanding equity awards were not forfeited as of that date.
16.
Represents stock options granted under the MEMC Electronic Materials, Inc. 2001 Equity Incentive Plan (restated January 24, 2007). As of December 31, 2016, all of these options had vested.
17.
Represents stock options granted under the MEMC Electronic Materials, Inc. 2010 Equity Incentive Plan. As of December 31, 2016, all of these options had vested.


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