Pattern Energy Group Inc.
Pattern Energy Group Inc. (Form: SC 13D/A, Received: 10/23/2017 06:02:12)

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No.  4)*

 

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)

 

October 19, 2017

(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
7,351,960

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
7,351,960

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
7,351,960

 

 

12

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

 

 

13

Percent of Class Represented by Amount in Row (11)
8.4%

 

 

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
7,351,962

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
7,351,962

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
7,351,962

 

 

12

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

 

 

13

Percent of Class Represented by Amount in Row (11)
8.4%

 

 

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
7,351,962

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
7,351,962

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
7,351,962

 

 

12

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

 

 

13

Percent of Class Represented by Amount in Row (11)
8.4%

 

 

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
7,351,962

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
7,351,962

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
7,351,962

 

 

12

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

 

 

13

Percent of Class Represented by Amount in Row (11)
8.4%

 

 

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
7,351,962

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
7,351,962

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
7,351,962

 

 

12

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

 

 

13

Percent of Class Represented by Amount in Row (11)
8.4%

 

 

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
7,351,962

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
7,351,962

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
7,351,962

 

 

12

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

 

 

13

Percent of Class Represented by Amount in Row (11)
8.4%

 

 

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
7,351,962

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
7,351,962

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
7,351,962

 

 

12

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

 

 

13

Percent of Class Represented by Amount in Row (11)
8.4%

 

 

14

Type of Reporting Person
OO (Limited Liability Company)

 

9



 

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
7,351,962

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
7,351,962

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
7,351,962

 

 

12

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

 

 

13

Percent of Class Represented by Amount in Row (11)
8.4%

 

 

14

Type of Reporting Person
OO (Limited Liability Company)

 

10



 

CUSIP No.   70338P 100

13D

 

 

Explanatory Note

 

This Amendment No. 4 to Schedule 13D (this “Amendment No. 4”) 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 87,637,816 Class A shares outstanding as of August 4, 2017.

 

 

 

 

 

 

 

 

 

 

 

Sole

 

Shared

 

 

 

 

 

 

 

Sole

 

Shared

 

power to 

 

power to

 

 

 

 

 

 

 

power to 

 

power to 

 

dispose or 

 

dispose or

 

 

 

Amount

 

 

 

vote or to

 

vote or to 

 

to direct 

 

to direct

 

 

 

beneficially

 

Percent

 

direct the 

 

direct the 

 

the 

 

the

 

Reporting Person

 

owned

 

of class

 

vote

 

vote

 

disposition

 

disposition

 

Pattern Renewables LP

 

2

 

*

 

0

 

2

 

0

 

2

 

Pattern Renewables GP LLC

 

2

 

*

 

0

 

2

 

0

 

2

 

Pattern Development Finance Company LLC

 

7,351,960

 

8.4

%

0

 

7,351,960

 

0

 

7,351,960

 

Pattern Energy Group LP

 

7,351,962

 

8.4

%

0

 

7,351,962

 

0

 

7,351,962

 

Pattern Energy GP LLC

 

7,351,962

 

8.4

%

0

 

7,351,962

 

0

 

7,351,962

 

Pattern Energy Group Holdings LP

 

7,351,962

 

8.4

%

0

 

7,351,962

 

0

 

7,351,962

 

Pattern Energy Group Holdings GP LLC

 

7,351,962

 

8.4

%

0

 

7,351,962

 

0

 

7,351,962

 

R/C Wind II LP

 

7,351,962

 

8.4

%

0

 

7,351,962

 

0

 

7,351,962

 

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

 

7,351,962

 

8.4

%

0

 

7,351,962

 

0

 

7,351,962

 

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

 

7,351,962

 

8.4

%

0

 

7,351,962

 

0

 

7,351,962

 

 


* 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 Development Finance Company LLC (“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 October 19, 2017, Pattern Finco disposed of 910,584 Class A shares, in a series of transactions pursuant to the previously disclosed trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, at prices ranging from $24.00 to $26.55 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

 

September 6, 2017

 

13,475

 

$

25.3808

 

September 7, 2017

 

36,525

 

$

25.3707

 

September 8, 2017

 

19,400

 

$

25.2789

 

September 11, 2017

 

19,600

 

$

25.5939

 

September 12, 2017

 

29,000

 

$

25.6817

 

September 13, 2017

 

38,000

 

$

25.8682

 

September 14, 2017

 

39,000

 

$

26.1009

 

September 15, 2017

 

30,000

 

$

26.3113

 

September 18, 2017

 

23,500

 

$

26.2411

 

September 19, 2017

 

21,000

 

$

26.2660

 

September 20, 2017

 

22,000

 

$

26.3171

 

September 21, 2017

 

23,500

 

$

26.4047

 

September 22, 2017

 

48,500

 

$

25.8427

 

September 25, 2017

 

28,000

 

$

25.6560

 

September 26, 2017

 

30,000

 

$

25.7630

 

September 27, 2017

 

32,800

 

$

25.5309

 

September 28, 2017

 

72,000

 

$

25.0334

 

September 29, 2017

 

59,000

 

$

24.4067

 

October 2, 2017

 

42,000

 

$

24.1892

 

October 3, 2017

 

30,000

 

$

24.3120

 

October 4, 2017

 

12,600

 

$

24.1559

 

October 5, 2017

 

18,800

 

$

24.0982

 

October 6, 2017

 

19,800

 

$

24.1074

 

October 9, 2017

 

16,500

 

$

24.3236

 

 

12



 

CUSIP No.   70338P 100

13D

 

 

October 10, 2017

 

26,000

 

$

24.6585

 

October 11, 2017

 

30,000

 

$

24.2631

 

October 12, 2017

 

23,000

 

$

24.3249

 

October 13, 2017

 

26,000

 

$

24.6734

 

October 16, 2017

 

28,000

 

$

24.4653

 

October 17, 2017

 

23,500

 

$

24.4569

 

October 18, 2017

 

22,000

 

$

24.5724

 

October 19, 2017

 

7,084

 

$

24.0034

 

 

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)           Not applicable.

 

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 :      October 20, 2017

 

 

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/ Thomas J. Walker

 

Name:

Thomas J. Walker

 

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/ Thomas J. Walker

 

Name:

Thomas J. Walker

 

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/ Thomas J. Walker

 

Name:

Thomas J. Walker

 

Title:

Authorized Person

 

15



 

CUSIP No.   70338P 100

13D

 

 

 

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

 

 

 

By:

/s/ Thomas J. Walker

 

Name:

Thomas J. Walker

 

Title:

Authorized Person

 

16