SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BlueMountain Montenvers GP S.a.r.l.

(Last) (First) (Middle)
280 PARK AVENUE, 12TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TerraForm Power, Inc. [ TERP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/24/2015
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 229,919 A (6) 9,169,934 I Footnotes(1)(2)(3)(4)(5)
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 206,255 A (6) 8,077,290 I Footnotes(1)(2)(3)(4)(5)
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 172,237 A (6) 6,506,679 I Footnotes(1)(2)(3)(4)(5)
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 172,237 A (6) 6,506,679 D
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 14,655 A $8.14 676,618 I Footnotes(1)(2)(3)(4)(5)
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 14,655 A $8.14 676,618 D
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 5,554 A $8.14 256,427 I Footnotes(1)(2)(3)(4)(5)
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 5,554 A $8.14 256,427 D
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 9,816 A $8.14 453,192 I Footnotes(1)(2)(3)(4)(5)
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 9,816 A $8.14 453,192 D
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 16,125 A $8.14 744,562 I Footnotes(1)(2)(3)(4)(5)
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 16,125 A $8.14 744,562 D
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 3,993 A $8.14 184,374 I Footnotes(1)(2)(3)(4)(5)
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 3,993 A $8.14 184,374 D
Class A Common Stock(1)(2)(3)(4)(5)(7) 11/24/2015 P 7,539 A $8.14 348,082 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
BlueMountain Montenvers GP S.a.r.l.

(Last) (First) (Middle)
280 PARK AVENUE, 12TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BlueMountain Montenvers Master Fund SCA SICAV-SIF

(Last) (First) (Middle)
280 PARK AVENUE, 12TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BlueMountain Kicking Horse Fund GP, LLC

(Last) (First) (Middle)
280 PARK AVENUE, 12TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BlueMountain Kicking Horse Fund L.P.

(Last) (First) (Middle)
280 PARK AVENUE, 12TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BlueMountain Timberline Ltd.

(Last) (First) (Middle)
280 PARK AVENUE, 12TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
Explanation of Responses:
1. The filing of this Form 4 shall not be construed as an admission that any of BlueMountain Capital Management, LLC ("BMCM"), GP Holdings (as defined in Footnote 5) or the General Partners (as defined in Footnote 5) is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise the beneficial owner of any of the shares of Class A Common Stock, par value $0.01 per share (the "Common Stock"), of Terraform Power, Inc. (the "Issuer"). Pursuant to Rule 16a-1(a)(4) of the Exchange Act, each of BMCM, GP Holdings and the General Partners disclaims such beneficial ownership, except to the extent of its respective pecuniary interest.
2. BMCM is the investment manager of each of: (i) Blue Mountain Credit Alternatives Master Fund L.P. ("BMCA"), which is the direct beneficial owner of 6,506,679 shares of Common Stock; (ii) BlueMountain Foinaven Master Fund L.P. ("BMFV"), which is the direct beneficial owner of 676,618 shares of Common Stock; (iii) BlueMountain Guadalupe Peak Fund L.P. ("BMGP"), which is the direct beneficial owner of 256,427 shares of Common Stock; (iv) BlueMountain Logan Opportunities Master Fund L.P. ("BMLO"), which is the direct beneficial owner of 453,192 shares of Common Stock; (v) BlueMountain Montenvers Fund SCA SICAV-SIF ("BMM"), which is the direct beneficial owner of 744,562 shares of Common Stock; (vi) BlueMountain Kicking Horse Fund L.P. ("BMKH" and, together with BMCA, BMFV, BMGP and BMLO, the "Partnerships"), which is the direct beneficial owner of 184,374 shares of Common Stock; and
3. (vii) BlueMountain Timberline Ltd. ("BMT" and, together with the Partnerships and BMM, the "Funds"), which is the direct beneficial owner of 348,082 shares of Common Stock. BMCM, although it directs the voting and disposition of the Common Stock held by the Funds, only receives an asset-based fee relating to the Common Stock held by the Funds.
4. (i) Blue Mountain CA Master Fund GP, Ltd. ("BMCA GP") is the general partner of BMCA and has an indirect profits interest in the Common Stock beneficially owned by it; (ii) BlueMountain Foinaven GP, LLC ("BMFV GP") is the general partner of BMFV and has an indirect profits interest in the Common Stock beneficially owned by it; (iii) BlueMountain Long/Short Credit GP, LLC ("BMGP GP") is the general partner of BMGP and has an indirect profits interest in the Common Stock beneficially owned by it; (iv) BlueMountain Montenvers GP S.a r.l. ("BMM GP") is the general partner of BMM and has an indirect profits interest in the Common Stock beneficially owned by it; (v) BlueMountain Logan Opportunities GP, LLC ("BMLO GP") is the general partner of BMLO and has an indirect profits interest in the Common Stock beneficially owned by it; and
5. (vi) BlueMountain Kicking Horse Fund GP, LLC ("BMKH GP" and, together with BMCA GP, BMFV GP, BMGP GP and BMLO GP, the "General Partners") is the general partner of BMKH and has an indirect profits interest in the Common Stock beneficially owned by it. BlueMountain GP Holdings, LLC ("GP Holdings") is the sole owner of each of the General Partners and thus has an indirect profits interest in the Common Stock beneficially owned by the Partnerships. BMCM is the sole owner of BMM GP and thus has an indirect profits interest in the Common Stock beneficially owned by BMM.
6. On November 24, 2015: (i) BMCA acquired 140,927 shares of Common Stock at a price per share of $8.14, 5,109 shares of Common Stock at a price per share of $8.39 and 26,201 shares of Common Stock at a price per share of $8.40; (ii) BMFV acquired 14,655 shares of Common Stock at a price per share of $8.14; (iii) BMGP acquired 5,554 shares of Common Stock at a price per share of $8.14; (iv) BMLO acquired 9,816 shares of Common Stock at a price per share of $8.14; (v) BMM acquired 16,125 shares of Common Stock at a price per share of $8.14; (vi) BMKH acquired 3,993 shares of Common Stock at a price per share of $8.14; and (vii) BMT acquired 7,539 shares of Common Stock at a price per share of $8.14.
7. The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16(a)-3(j) under the Exchange Act. The Form 4 for certain additional Reporting Persons is being filed separately and simultaneously with this Form 4 due to the limitation of ten Reporting Persons per filing.
Remarks:
BlueMountain Montenvers Master Fund SCA SICAV-SIF, By: BlueMountain Montenvers GP S.a r.l., By: /s/ Paul Friedman, Authorized Person 11/25/2015
BlueMountain Montenvers GP S.a r.l., By: /s/ Paul Friedman, Authorized Person 11/25/2015
BlueMountain Kicking Horse Fund GP, LLC, By: BlueMountain GP Holdings, LLC, By: /s/ Eric M. Albert, Chief Compliance Officer 11/25/2015
BlueMountain Kicking Horse Fund L.P., By: BlueMountain Kicking Horse Fund GP, LLC, By: BlueMountain GP Holdings, LLC, By: /s/ Eric M. Albert, Chief Compliance Officer 11/25/2015
BlueMountain Timberline Ltd., By: /s/ Andrew Feldstein, Director 11/25/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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