0001562180-21-002215 4 1 20210310 20210312 20210312 Gopalakrishnan Ramesh 0001775166 4 34 001-37839 21738349 8501 NORTH SCOTTSDALE ROAD SUITE 100 SCOTTSDALE AZ 85253 TPI COMPOSITES, INC 0001455684 3510 201590775 8501 N SCOTTSDALE ROAD GAINEY CENTER II, SUITE 100 SCOTTSDALE AZ 85253 480-305-8910 8501 N SCOTTSDALE ROAD GAINEY CENTER II, SUITE 100 SCOTTSDALE AZ 85253 TPI COMPOSITES INC 20090206 4 1 primarydocument.xml PRIMARY DOCUMENT FORM 4 OMB APPROVAL [ ] Check this OMB Number: box if no longer UNITED STATES SECURITIES AND EXCHANGE COMMISSION 3235-0287 subject to Washington, D.C. 20549 Estimated Section 16. Form STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF average burden 4 or Form 5 SECURITIES hours per obligations may response... 0.5 continue. See Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 1. Name and Address of Reporting 2. Issuer Name and Ticker 5. Relationship of Person * or Trading Symbol Reporting Person(s) to Gopalakrishnan Ramesh TPI COMPOSITES, INC [ TPIC Issuer (Check all ] applicable) _____ Director _____ 10% Owner __X__ Officer (give title (Last) (First) (Middle) 3. Date of Earliest below) _____ Other 8501 NORTH SCOTTSDALE Transaction (MM/DD/YYYY) (specify below) ROAD, GAINEY CENTER II, SUITE 100 3/10/2021 Chief Operating Officer - Wind (Street) 4. If Amendment, Date 6. Individual or SCOTTSDALE, AZ 85253 Original Filed Joint/Group Filing (Check (City) (State) (Zip) (MM/DD/YYYY) Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security 2. 2A. 3. Trans. 4. Securities 5. Amount of 6. Ownership 7. Nature of (Instr. 3) Trans. Deemed Code Acquired (A) or Securities Form: Direct Indirect Date Execution (Instr. 8) Disposed of (D) Beneficially (D) or Beneficial Date, if (Instr. 3, 4 and Owned Indirect (I) Ownership any 5) Following (Instr. 4) (Instr. 4) Reported Transaction(s) (Instr. 3 and 4) (A) or Code V Amount (D) Price Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of 2. 3. Trans. Date 3A. 4. Trans. 5. Number of 6. Date Exercisable and Expiration 7. Title and Amount of 8. Price 9. Number of 10. 11. Nature Derivate Security Conversion Deemed Code Derivative Date Securities Underlying of derivative Ownership of (Instr. 3) or Execution (Instr. 8) Securities Acquired Derivative Security Derivative Securities Form of Indirect Exercise Date, if (A) or Disposed of (Instr. 3 and 4) Security Beneficially Derivative Beneficial Price of any (D) (Instr. 5) Owned Security: Ownership Derivative (Instr. 3, 4 and 5) Following Direct (D) (Instr. 4) Security Reported or Transaction(s) Indirect Date Amount or (Instr. 4) (I) Exercisable Expiration Date Title Number of (Instr. 4) Code V (A) (D) Shares Restricted Stock (1) 3/10/2021 A 6193.00 (1) (2) (1) (2) Common 6193.00 $0.00 6193.00 D Units Stock Restricted Stock (1) 3/10/2021 A 6042.00 (1) (3) (1) (3) Common 6042.00 $0.00 6042.00 D Units Stock Explanation of Responses: (1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock. All unvested RSUs will automatically expire upon Reporting Person's termination of service from Issuer. (2) The performance-based RSUs will be credited as follows: 1/3 will be credited upon the Issuer's common stock achieving a market price of $66, 1/3 will be credited upon the Issuer's common stock achieving a market price of $72 and 1/3 will be credited upon the Issuer's common stock achieving a market price of $78, in each case during the performance period from March 10, 2021 through December 31, 2023, and the total credited amount of RSUs will vest on the last day of the performance period so long as the Reporting Person continues to provide service to the Issuer through the performance period. (3) 100% of the RSUs will vest on March 10, 2024; provided, that the Reporting Person continues to provide services to the Issuer through the vesting date. Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Gopalakrishnan Ramesh 8501 NORTH SCOTTSDALE ROAD Chief Operating Officer - GAINEY CENTER II, SUITE 100 Wind SCOTTSDALE, AZ 85253 Signatures /s/ Steven G. Fishbach, Attorney-in-Fact 3/12/2021 ** 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). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.