Sec Form 13D Filing - Pattern Renewables LP filing for Pattern Energy Group Inc. (PEGI) - 2018-07-09

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 8)*

 

Pattern Energy Group Inc.

(Name of Issuer)

 

Class A Common Stock, par value $0.01

(Title of Class of Securities)

 

70338P 100

(CUSIP Number)

 

Dianna Rosser Aprile

c/o Riverstone Holdings LLC

712 Fifth Avenue, 36th Floor

New York, NY 10019

(212) 993-0076

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

July 2, 2018

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.


* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No. 70338P 100

13D

 

 

 

1

Names of Reporting Persons
Pattern Renewables LP

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
2

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
2

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
2

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    o

 

 

13

Percent of Class Represented by Amount in Row (11)
Less than 0.1%

 

 

14

Type of Reporting Person
PN

 

1



 

CUSIP No. 70338P 100

13D

 

 

 

1

Names of Reporting Persons
Pattern Renewables GP LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
2

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
2

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
2

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    o

 

 

13

Percent of Class Represented by Amount in Row (11)
Less than 0.1%

 

 

14

Type of Reporting Person
OO (Limited Liability Company)

 

2



 

CUSIP No. 70338P 100

13D

 

 

 

1

Names of Reporting Persons
Pattern Development Finance Company LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
4,810,160

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
4,810,160

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
4,810,160

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    o

 

 

13

Percent of Class Represented by Amount in Row (11)
4.9%

 

 

14

Type of Reporting Person
OO (Limited Liability Company)

 

3



 

CUSIP No. 70338P 100

13D

 

 

 

1

Names of Reporting Persons
Pattern Energy Group LP

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
4,810,162

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
4,810,162

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
4,810,162

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    o

 

 

13

Percent of Class Represented by Amount in Row (11)
4.9%

 

 

14

Type of Reporting Person
PN

 

4



 

CUSIP No. 70338P 100

13D

 

 

 

1

Names of Reporting Persons
Pattern Energy GP LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
4,810,162

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
4,810,162

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
4,810,162

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    o

 

 

13

Percent of Class Represented by Amount in Row (11)
4.9%

 

 

14

Type of Reporting Person
OO (Limited Liability Company)

 

5



 

CUSIP No. 70338P 100

13D

 

 

 

1

Names of Reporting Persons
Pattern Energy Group Holdings LP

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
4,810,162

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
4,810,162

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
4,810,162

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    o

 

 

13

Percent of Class Represented by Amount in Row (11)
4.9%

 

 

14

Type of Reporting Person
PN

 

6



 

CUSIP No. 70338P 100

13D

 

 

 

1

Names of Reporting Persons
Pattern Energy Group Holdings GP LLC

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
4,810,162

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
4,810,162

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
4,810,162

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    o

 

 

13

Percent of Class Represented by Amount in Row (11)
4.9%

 

 

14

Type of Reporting Person
OO (Limited Liability Company)

 

7



 

CUSIP No. 70338P 100

13D

 

 

 

1

Names of Reporting Persons
R/C Wind II LP

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
4,810,162

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
4,810,162

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
4,810,162

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    o

 

 

13

Percent of Class Represented by Amount in Row (11)
4.9%

 

 

14

Type of Reporting Person
PN

 

8



 

CUSIP No. 70338P 100

13D

 

 

 

1

Names of Reporting Persons
Riverstone/Carlyle Renewable Energy Grant GP, L.L.C.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
4,810,162

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
4,810,162

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
4,810,162

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    o

 

 

13

Percent of Class Represented by Amount in Row (11)
4.9%

 

 

14

Type of Reporting Person
OO (Limited Liability Company)

 

9



 

11

CUSIP No. 70338P 100

13D

 

 

 

1

Names of Reporting Persons
R/C Renewable Energy GP II, L.L.C.

 

 

2

Check the Appropriate Box if a Member of a Group

 

 

(a)

 o

 

 

(b)

 o

 

 

3

SEC Use Only

 

 

4

Source of Funds (See Instructions)
OO

 

 

5

Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
4,810,162

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
4,810,162

 

 

Aggregate Amount Beneficially Owned by Each Reporting Person
4,810,162

 

 

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    o

 

 

13

Percent of Class Represented by Amount in Row (11)
4.9%

 

 

14

Type of Reporting Person
OO (Limited Liability Company)

 

10



 

CUSIP No. 70338P 100

13D

 

 

Explanatory Note

 

This Amendment No. 8 to Schedule 13D (this “Amendment No. 8”) amends and supplements the Schedule 13D originally filed with the United States Securities and Exchange Commission (the “SEC”) on November 12, 2014 (as amended to date, the “Schedule 13D”), relating to the Class A common stock, par value $0.01 (the “Class A shares”) of Pattern Energy Group Inc. (the “Issuer”). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.

 

Item 5.                            Interest in Securities of the Issuer

 

Item 5(a) - (b) of the Schedule 13D is amended and restated in its entirety by inserting the following information:

 

The following sets forth, as of the date of this Schedule 13D, the aggregate number and percentage of Class A shares beneficially owned by each of the Reporting Persons, as well as the number of Class A shares as to which each Reporting Person has the sole power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition of, based on 98,096,760 Class A shares outstanding as of May 7, 2018.

 

Reporting Person

 

Amount
beneficially
owned

 

Percent
of class

 

Sole
power to
vote or to
direct the
vote

 

Shared
power to
vote or to
direct the
vote

 

Sole
power to
dispose or
to direct
the
disposition

 

Shared
power to
dispose or
to direct
the
disposition

 

Pattern Renewables LP

 

2

 

*

 

0

 

2

 

0

 

2

 

Pattern Renewables GP LLC

 

2

 

*

 

0

 

2

 

0

 

2

 

Pattern Development Finance Company LLC

 

4,810,160

 

4.9

%

0

 

4,810,160

 

0

 

4,810,160

 

Pattern Energy Group LP

 

4,810,162

 

4.9

%

0

 

4,810,162

 

0

 

4,810,162

 

Pattern Energy GP LLC

 

4,810,162

 

4.9

%

0

 

4,810,162

 

0

 

4,810,162

 

Pattern Energy Group Holdings LP

 

4,810,162

 

4.9

%

0

 

4,810,162

 

0

 

4,810,162

 

Pattern Energy Group Holdings GP LLC

 

4,810,162

 

4.9

%

0

 

4,810,162

 

0

 

4,810,162

 

R/C Wind II LP

 

4,810,162

 

4.9

%

0

 

4,810,162

 

0

 

4,810,162

 

Riverstone/Carlyle Renewable Energy Grant GP, L.L.C.

 

4,810,162

 

4.9

%

0

 

4,810,162

 

0

 

4,810,162

 

R/C Renewable Energy GP II, L.L.C.

 

4,810,162

 

4.9

%

0

 

4,810,162

 

0

 

4,810,162

 

 


* Less than 0.1%

 

R/C Renewable Energy GP II is the managing member of R/C Renewable Energy Grant GP, which is the general partner of R/C Wind II, which is the managing member of PEG Holdings GP, which is the general partner of PEG Holdings, which is the managing member of Pattern Energy GP, which is the general partner of PEG LP, which is the sole member of Pattern Renewables GP, which is the general partner of Pattern Renewables. Accordingly, each of the foregoing entities may be deemed to share beneficial ownership of the shares held by Pattern Renewables. PEG LP is the sole member of Pattern Finco. As a result, R/C Renewable Energy GP II, R/C Renewable Energy Grant GP, R/C Wind II, PEG Holdings GP, PEG Holdings,

 

11



 

CUSIP No. 70338P 100

13D

 

 

Pattern Energy GP and PEG LP may be deemed to share beneficial ownership of the shares held by Pattern Finco. R/C Renewable Energy GP II, LLC is managed by a five-person investment committee. Pierre F. Lapeyre, Jr., David M. Leuschen, Michael B. Hoffman, Daniel A. D’Aniello and Edward J. Mathias, as the members of the investment committee of R/C Renewable Energy GP II, LLC, may be deemed to share beneficial ownership of the shares beneficially owned by Pattern Renewables. Such individuals expressly disclaim any such beneficial ownership.

 

Item 5(c) of the Schedule 13D is amended and supplemented by inserting the following information:

 

From the date of the most recent amendment to this Schedule 13D through July 6, 2018, Pattern Finco disposed of 1,302,600 Class A shares, in a series of transactions at prices ranging from $17.825 to $19.57 per share in open market transactions on the Nasdaq Global Select Market. Details by date, listing the number of shares of Class A shares disposed of and the weighted average price per share are provided below. The Reporting Persons undertake to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for these transactions.

 

Date

 

Equity Shares
Disposed Of

 

Weighted
Average Price
per Share

 

May 23, 2018

 

38,500

 

$

17.9713

 

May 24, 2018

 

37,500

 

$

18.1634

 

May 25, 2018

 

42,100

 

$

18.3654

 

May 29, 2018

 

43,200

 

$

18.4850

 

May 30, 2018

 

36,700

 

$

18.5756

 

May 31, 2018

 

30,800

 

$

18.6212

 

June 1, 2018

 

38,000

 

$

18.4747

 

June 4, 2018

 

38,800

 

$

18.4802

 

June 5, 2018

 

44,200

 

$

18.5050

 

June 6, 2018

 

61,100

 

$

18.1568

 

June 7, 2018

 

38,600

 

$

18.2743

 

June 8, 2018

 

34,600

 

$

18.2720

 

June 11, 2018

 

39,600

 

$

18.1220

 

June 12, 2018

 

43,800

 

$

18.5046

 

June 13, 2018

 

49,000

 

$

18.7407

 

June 14, 2018

 

60,300

 

$

18.9352

 

June 15, 2018

 

65,200

 

$

19.1855

 

June 18, 2018

 

54,300

 

$

19.2707

 

June 19, 2018

 

57,800

 

$

19.2847

 

June 20, 2018

 

36,200

 

$

19.2735

 

June 21, 2018

 

42,100

 

$

18.9020

 

June 22, 2018

 

54,000

 

$

19.0389

 

June 25, 2018

 

39,000

 

$

19.2016

 

June 26, 2018

 

57,100

 

$

19.2520

 

June 27, 2018

 

41,600

 

$

19.0529

 

June 28, 2018

 

44,200

 

$

18.5407

 

June 29, 2018

 

34,600

 

$

18.7530

 

July 2, 2018

 

27,700

 

$

18.5575

 

July 3, 2018

 

14,700

 

$

18.6547

 

July 5, 2018

 

27,000

 

$

18.8182

 

July 6, 2018

 

30,300

 

$

19.0898

 

 

12



 

CUSIP No. 70338P 100

13D

 

 

Except for the transactions disclosed in this Item 5(c), none of the Reporting Persons or Related Persons has effected any transactions in the Class A shares of the Issuer since the most recent filing on Schedule 13D.

 

(d)                                 None.

 

(e)                                  As of July 2, 2018, the Reporting Persons ceased to be the beneficial owner of more than five percent of the Class A shares of the Issuer.

 

13



 

CUSIP No. 70338P 100

13D

 

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date:      July 9, 2018

 

 

PATTERN RENEWABLES LP

 

 

 

 

 

By:

/s/ Dyann S. Blaine

 

Name:

Dyann S. Blaine

 

Title:

Vice President

 

 

 

 

 

PATTERN RENEWABLES GP LLC

 

 

 

 

 

By:

/s/ Dyann S. Blaine

 

Name:

Dyann S. Blaine

 

Title:

Vice President

 

 

 

 

 

PATTERN DEVELOPMENT FINANCE COMPANY LP

 

 

 

 

 

By:

/s/ Dyann S. Blaine

 

Name:

Dyann S. Blaine

 

Title:

Vice President

 

 

 

 

 

PATTERN ENERGY GROUP LP

 

 

 

 

 

By:

/s/ Dyann S. Blaine

 

Name:

Dyann S. Blaine

 

Title:

Vice President

 

 

 

 

 

PATTERN ENERGY GP LLC

 

 

 

 

 

By:

/s/ Dyann S. Blaine

 

Name:

Dyann S. Blaine

 

Title:

Vice President

 

14



 

CUSIP No. 70338P 100

13D

 

 

 

PATTERN ENERGY GROUP HOLDINGS LP

 

 

 

 

 

By:

/s/ Daniel M. Elkort

 

Name:

Daniel M. Elkort

 

Title:

Vice President

 

 

 

 

 

PATTERN ENERGY GROUP HOLDINGS GP LLC

 

 

 

By:

R/C Wind II LP, its managing member

 

By:

Riverstone/Carlyle Renewable Energy Grant GP, L.L.C., its general partner

 

By:

R/C Renewable Energy GP II, L.L.C., its sole member

 

 

 

 

 

By:

/s/ Peter Haskopoulos

 

Name:

Peter Haskopoulos

 

Title:

Authorized Person

 

 

 

 

 

R/C WIND II LP

 

 

 

By:

Riverstone/Carlyle Renewable Energy Grant GP, L.L.C., its general partner

 

By:

R/C Renewable Energy GP II, L.L.C., its sole member

 

 

 

 

 

By:

/s/ Peter Haskopoulos

 

Name:

Peter Haskopoulos

 

Title:

Authorized Person

 

 

 

 

 

RIVERSTONE/CARLYLE RENEWABLE ENERGY GRANT GP, L.L.C.

 

 

 

By:

R/C Renewable Energy GP II, L.L.C., its sole member

 

 

 

 

 

By:

/s/ Peter Haskopoulos

 

Name:

Peter Haskopoulos

 

Title:

Authorized Person

 

15



 

CUSIP No. 70338P 100

13D

 

 

 

R/C RENEWABLE ENERGY GP II, L.L.C.

 

 

 

 

 

By:

/s/ Peter Haskopoulos

 

Name:

Peter Haskopoulos

 

Title:

Authorized Person

 

16