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.
- Peter Lynch
What is insider trading>>
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13D |
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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 |
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SEC Use Only | |||||
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Source of Funds (See Instructions) | |||||
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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Shared Voting Power | ||||||
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Sole Dispositive Power | ||||||
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Shared Dispositive Power | ||||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||||
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Percent of Class Represented by Amount in Row (11) | |||||
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Type of Reporting Person | |||||
CUSIP No. 70338P 100 |
13D |
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Source of Funds (See Instructions) | |||||
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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Shared Dispositive Power | ||||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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Percent of Class Represented by Amount in Row (11) | |||||
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CUSIP No. 70338P 100 |
13D |
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Source of Funds (See Instructions) | |||||
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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Citizenship or Place of Organization | |||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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Percent of Class Represented by Amount in Row (11) | |||||
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CUSIP No. 70338P 100 |
13D |
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Source of Funds (See Instructions) | |||||
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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Percent of Class Represented by Amount in Row (11) | |||||
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CUSIP No. 70338P 100 |
13D |
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SEC Use Only | |||||
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Source of Funds (See Instructions) | |||||
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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Shared Voting Power | ||||||
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Sole Dispositive Power | ||||||
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Shared Dispositive Power | ||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||||
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Percent of Class Represented by Amount in Row (11) | |||||
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14 |
Type of Reporting Person | |||||
CUSIP No. 70338P 100 |
13D |
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(a) |
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(b) |
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SEC Use Only | |||||
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Source of Funds (See Instructions) | |||||
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||||
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Percent of Class Represented by Amount in Row (11) | |||||
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14 |
Type of Reporting Person | |||||
CUSIP No. 70338P 100 |
13D |
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(a) |
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(b) |
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SEC Use Only | |||||
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Source of Funds (See Instructions) | |||||
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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Shared Voting Power | ||||||
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Sole Dispositive Power | ||||||
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Shared Dispositive Power | ||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||||
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13 |
Percent of Class Represented by Amount in Row (11) | |||||
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14 |
Type of Reporting Person | |||||
CUSIP No. 70338P 100 |
13D |
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1 |
Names of Reporting Persons | |||||
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Check the Appropriate Box if a Member of a Group | |||||
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(a) |
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(b) |
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3 |
SEC Use Only | |||||
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Source of Funds (See Instructions) | |||||
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5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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6 |
Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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Shared Voting Power | ||||||
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Sole Dispositive Power | ||||||
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Shared Dispositive Power | ||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||||
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Percent of Class Represented by Amount in Row (11) | |||||
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14 |
Type of Reporting Person | |||||
CUSIP No. 70338P 100 |
13D |
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1 |
Names of Reporting Persons | |||||
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Check the Appropriate Box if a Member of a Group | |||||
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(a) |
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(b) |
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3 |
SEC Use Only | |||||
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4 |
Source of Funds (See Instructions) | |||||
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5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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6 |
Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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Shared Voting Power | ||||||
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9 |
Sole Dispositive Power | ||||||
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10 |
Shared Dispositive Power | ||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||||
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13 |
Percent of Class Represented by Amount in Row (11) | |||||
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14 |
Type of Reporting Person | |||||
CUSIP No. 70338P 100 |
13D |
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1 |
Names of Reporting Persons | |||||
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Check the Appropriate Box if a Member of a Group | |||||
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(a) |
o | ||||
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(b) |
o | ||||
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3 |
SEC Use Only | |||||
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4 |
Source of Funds (See Instructions) | |||||
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5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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6 |
Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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8 |
Shared Voting Power | ||||||
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9 |
Sole Dispositive Power | ||||||
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10 |
Shared Dispositive Power | ||||||
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Aggregate Amount Beneficially Owned by Each Reporting Person | ||||||
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares o | |||||
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13 |
Percent of Class Represented by Amount in Row (11) | |||||
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Type of Reporting Person | |||||
CUSIP No. 70338P 100 |
13D |
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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 |
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Amount |
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Percent |
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Sole |
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Shared |
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Sole |
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Shared |
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Pattern Renewables LP |
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2 |
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* |
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0 |
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2 |
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0 |
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2 |
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Pattern Renewables GP LLC |
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2 |
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* |
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0 |
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2 |
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0 |
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2 |
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Pattern Development Finance Company LLC |
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4,810,160 |
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4.9 |
% |
0 |
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4,810,160 |
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0 |
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4,810,160 |
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Pattern Energy Group LP |
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4,810,162 |
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4.9 |
% |
0 |
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4,810,162 |
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0 |
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4,810,162 |
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Pattern Energy GP LLC |
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4,810,162 |
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4.9 |
% |
0 |
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4,810,162 |
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0 |
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4,810,162 |
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Pattern Energy Group Holdings LP |
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4,810,162 |
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4.9 |
% |
0 |
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4,810,162 |
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0 |
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4,810,162 |
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Pattern Energy Group Holdings GP LLC |
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4,810,162 |
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4.9 |
% |
0 |
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4,810,162 |
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0 |
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4,810,162 |
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R/C Wind II LP |
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4,810,162 |
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4.9 |
% |
0 |
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4,810,162 |
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0 |
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4,810,162 |
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Riverstone/Carlyle Renewable Energy Grant GP, L.L.C. |
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4,810,162 |
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4.9 |
% |
0 |
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4,810,162 |
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0 |
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4,810,162 |
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R/C Renewable Energy GP II, L.L.C. |
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4,810,162 |
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4.9 |
% |
0 |
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4,810,162 |
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0 |
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4,810,162 |
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* 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,
CUSIP No. 70338P 100 |
13D |
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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. DAniello 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 $19.57 per share in open market transactions on the Nasdaq Global Select Market. Details by date, listing the number of shares of Class A shares disposed of and the weighted average price per share are provided below. The Reporting Persons undertake to provide, upon request by the staff of the SEC, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for these transactions.
Date |
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Equity Shares |
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Weighted |
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May 23, 2018 |
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38,500 |
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$ |
17.9713 |
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May 24, 2018 |
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37,500 |
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$ |
18.1634 |
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May 25, 2018 |
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42,100 |
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$ |
18.3654 |
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May 29, 2018 |
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43,200 |
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$ |
18.4850 |
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May 30, 2018 |
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36,700 |
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$ |
18.5756 |
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May 31, 2018 |
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30,800 |
|
$ |
18.6212 |
|
June 1, 2018 |
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38,000 |
|
$ |
18.4747 |
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June 4, 2018 |
|
38,800 |
|
$ |
18.4802 |
|
June 5, 2018 |
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44,200 |
|
$ |
18.5050 |
|
June 6, 2018 |
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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 |
|
CUSIP No. 70338P 100 |
13D |
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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.
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 |
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PATTERN RENEWABLES LP | |
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By: |
/s/ Dyann S. Blaine |
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Name: |
Dyann S. Blaine |
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Title: |
Vice President |
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PATTERN RENEWABLES GP LLC | |
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By: |
/s/ Dyann S. Blaine |
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Name: |
Dyann S. Blaine |
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Title: |
Vice President |
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PATTERN DEVELOPMENT FINANCE COMPANY LP | |
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By: |
/s/ Dyann S. Blaine |
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Name: |
Dyann S. Blaine |
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Title: |
Vice President |
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PATTERN ENERGY GROUP LP | |
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By: |
/s/ Dyann S. Blaine |
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Name: |
Dyann S. Blaine |
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Title: |
Vice President |
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PATTERN ENERGY GP LLC | |
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By: |
/s/ Dyann S. Blaine |
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Name: |
Dyann S. Blaine |
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Title: |
Vice President |
CUSIP No. 70338P 100 |
13D |
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PATTERN ENERGY GROUP HOLDINGS LP | ||
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By: |
/s/ Daniel M. Elkort | |
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Name: |
Daniel M. Elkort | |
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Title: |
Vice President | |
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PATTERN ENERGY GROUP HOLDINGS GP LLC | ||
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By: |
R/C Wind II LP, its managing member | |
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By: |
Riverstone/Carlyle Renewable Energy Grant GP, L.L.C., its general partner | |
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By: |
R/C Renewable Energy GP II, L.L.C., its sole member | |
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By: |
/s/ Peter Haskopoulos | |
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Name: |
Peter Haskopoulos | |
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Title: |
Authorized Person | |
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R/C WIND II LP | ||
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By: |
Riverstone/Carlyle Renewable Energy Grant GP, L.L.C., its general partner | |
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By: |
R/C Renewable Energy GP II, L.L.C., its sole member | |
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By: |
/s/ Peter Haskopoulos | |
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Name: |
Peter Haskopoulos | |
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Title: |
Authorized Person | |
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RIVERSTONE/CARLYLE RENEWABLE ENERGY GRANT GP, L.L.C. | ||
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By: |
R/C Renewable Energy GP II, L.L.C., its sole member | |
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By: |
/s/ Peter Haskopoulos | |
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Name: |
Peter Haskopoulos | |
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Title: |
Authorized Person | |