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SEC Filings

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


1.
Amounts shown include (a) cash compensation earned and received, (b) cash compensation earned but deferred at the election of the executive officer under the SunEdison Retirement Savings Plan and (c) cash received in exchange for earned but unused paid time off.
2.
All stock awards reflected in the table are Restricted Stock Units or Restricted Stock Awards under the SunEdison, Inc. 2010 Amended and Restated Equity Incentive Plan or 2015 Long-Term Incentive Plan, the TerraForm Power, Inc. 2014 Second Amended & Restated Long-Term Incentive Plan or the TerraForm Global, Inc. 2014 Long-Term Incentive Plan. The dollar amounts shown for stock awards represent the aggregate grant date fair value with respect to fiscal 2016 and 2015 in accordance with the applicable Accounting Standard Codification 718, Stock Compensation, excluding the effect of forfeitures related to service-based conditions. These amounts do not reflect whether the named executive officers have actually realized or will realize a financial benefit from the awards. For information on the assumptions used to calculate the value of the awards, refer to Item 15. Note 15 - Stock-Based Compensation.
3.
Represents cash fees paid to Mr. Blackmore for his service as a director of TerraForm Global, Inc. and TerraForm Power, Inc.
4.
Amount shown represents the contribution by SunEdison to the SunEdison Retirement Savings Plan.
5.
Mr. Blackmore joined the Board as its Chairman on November 20, 2015. He served as served as the chairman of the Office of the Chairman until April 21, 2016 whereupon the Board dissolved the Office of the Chairman and Mr. Blackmore was appointed as Interim Chief Executive Officer in addition to his role as Chairman of the Board.
6.
These individuals split their time evenly between the Company and TerraForm Power, Inc. The cash compensation received by each of these individuals reflects the total cash compensation received for services provided to the Company and to TerraForm Power, Inc.
7.
The Company compensates AlixPartners for its services and reimburses AlixPartners for its expenses, with an hourly rate of $950 as compensation for the performance of Mr. Studebaker as Chief Operating Officer and an hourly rate of $830 as compensation for the performance of Mr. Rawden as Interim Chief Accounting Officer. Represents amounts paid for their services to TerraForm Power, Inc. and TerraForm Global, Inc. from the time of their appointment (July 2016) through the end of the fiscal year. The Company does not pay amounts directly to Mr. Studebaker or Mr. Rawden.
8.
Mr. Rawden is a Director in AlixPartners' Turnaround & Restructuring practice. He was appointed Interim Chief Accounting Officer effective on July 7, 2016.
9.
Mr. Studebaker is a Managing Director in AlixPartners' Turnaround & Restructuring practice. He was appointed Chief Operating Officer effective on July 7, 2016.
10.
In April 2016, the Company approved retention cash awards to select executives. The awards vest in equal installments on May 31, 2016, September 30, 2016 and March 31, 2017. Amounts represent the first two installments that vested and were paid out in 2016.
11.
Mr. Wuebbels resigned as President and Chief Executive Officer and Director of the Company on March 30, 2016.


Grants of Plan-Based Awards
The following table sets forth plan-based awards to the named executive officers of the Company during 2016:
 
 
 
 
Estimated Future Payouts Under Non-Equity Incentive Plan Awards ($)
 
Grants of Plan Based Awards
 
 
Name
 
Grant Date
 
Threshold ($)
 
Target ($)
 
Maximum ($)
 
All Other Stock Awards: Number of Shares of Stock or Units (#)
 
All Other Option Awards: Number of Securities Underlying Options (#)
 
Exercise or Base Price of Option Awards ($/Sh)
 
Grant Date Fair Value of Stock and Option Awards ($)
Blackmore, Peter
 
07/25/2016
 

 

 

 
44,400

(1) 

 

 
165,168

 
 
07/25/2016
 

 

 

 
12,000

(2) 

 

 
156,000

Cranna, Rebecca
 

 

 
290,830

 
581,660

 

 

 

 
 
 
 
10/26/2016
 

 

 

 
29,847

(1) 

 


113,419

 
 
10/26/2016
 

 

 

 
8,528

(2) 

 

 
110,779

Kravtsova, Yana
 

 

 
187,500

 
375,000

 

 
 
 
 
 
 
 
 
10/26/2016
 

 

 

 
22,321

(1) 




84,820

 
 
10/26/2016
 

 

 

 
6,378

(2) 

 

 
82,850

Rawden, David
 

 

 

 

 

 

 

 

Studebaker, Thomas
 

 

 

 

 

 

 

 

Wuebbels, Brian A.
 

 

 

 

 

 

 

 

1.
Represents grants made under the TerraForm Global, Inc. 2014 Long-Term Incentive Plan.
2.
Represents grants made under the TerraForm Power, Inc. 2014 Second Amended & Restated Long-Term Incentive Plan.     


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