Stockholders' Equity

6 Months Ended

Jun. 30, 2017

STOCKHOLDERS’ EQUITY

Outstanding Equity Securities

As of June 30, 2017, the following shares of the Company were outstanding:



Class:	Number Outstanding	Holders
Class A common stock	112,970,826	*
Class B common stock	61,343,054	SunEdison
Class B1 common stock	—	Not Applicable
Preferred stock	—	Not Applicable
Total shares outstanding	174,313,880

* Common stockholders are comprised of: public stockholders (including Brookfield, Vincent C. Smith, and Knighthead Capital Management, LLC), SunEdison, executive officers, management and employees.

Treasury Stock

As of June 30, 2017, the Company owned 1,109,273 treasury shares of Class A common stock. All of these treasury shares were acquired in exchange for the settlement of future tax obligations related to stock-based compensation arrangements, or as a result of the release of shares from escrow to the Company pursuant to the Renova Settlement Agreement.

Dividends

On February 29, 2016, the Company declared a quarterly dividend for the fourth quarter of 2015 on the Company's Class A common stock of $0.275 per share. The dividend was paid on March 17, 2016 to stockholders of record as of March 10, 2016. The Company has not declared or paid a dividend since March 17, 2016. Under the Merger Agreement, the Company is restricted from declaring or paying dividends prior to the consummation of the Brookfield Transaction.

Equity Reallocation

Equity reallocation of $1.3 million as of June 30, 2017 was due to an adjustment of capital balances to reflect respective equity ownership percentages as of each balance sheet date.