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SEC Filings

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

consolidated statements of operations. There were no similar stock-based compensation related distributions to or contributions from SunEdison during the year ended December 31, 2014.
Restricted Stock Awards
RSAs provide the holder with immediate voting rights, but are restricted in all other respects until vested. Upon a termination of employment for any reason, any unvested shares of Class A common stock held by the terminated participant will be forfeited. All unvested RSAs are paid dividends and distributions.
The following table presents information regarding outstanding RSAs as of December 31, 2016 and changes during the year then ended:
 
 
Number of RSAs Outstanding
 
Weighted Average Grant Date Fair Value Per Share
 
Aggregate Intrinsic Value
(in millions)
Balance at January 1, 2016
 
7,774,554

 
$
0.18

 
 
Converted
 
(1,269,375
)
 
 
 
 
Forfeited
 
(1,816,204
)
 
0.21

 
 
Balance at December 31, 2016
 
4,688,975

 
$
0.18

 
$
18.5

As of December 31, 2016, $0.6 million of total unrecognized compensation cost related to RSAs is expected to be recognized over a weighted average period of approximately 2.7 years.
The weighted average fair value of RSAs on the date of grant was $0.18 and $0.18 for the years ended December 31, 2016 and 2015, respectively.
Restricted Stock Units
RSUs do not entitle the holders to voting rights and holders of the RSUs do not have any right to receive dividends or distributions.
The following table presents information regarding outstanding RSUs as of December 31, 2016 and changes during the year then ended:
 
 
Number of RSUs Outstanding
 
Aggregate Intrinsic Value
(In millions)
 
Weighted Average 
Remaining
Contractual Life (In years)
Balance at January 1, 2016
 
2,846,049

 
 
 
 
Granted
 
1,374,690

 
 
 
 
Converted
 
(439,567
)
 
 
 
 
Forfeited
 
(1,469,485
)
 
 
 
 
Balance at December 31, 2016
 
2,311,687

 
$
9.1

 
1.4
As of December 31, 2016, $6.6 million of total unrecognized compensation cost related to RSUs is expected to be recognized over a weighted average period of approximately 1.7 years.
16. LOSS PER SHARE
Loss per share is calculated utilizing the weighted average shares outstanding. Under the two-class method, unvested RSAs that contain non-forfeitable rights to dividends are treated as participating securities and are included in the earnings per share computation to the extent that there are undistributed earnings available, but these securities do not participate in losses.


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