Filing Details

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

 

	SCHEDULE 13G
	Under the Securities Exchange Act of 1934
	(Amendment No.    )*

	Northern Power Systems Corp.
	(Name of Issuer)

	Common Shares, no par value
	(Title of Class of Securities)

	66561Y107
	(CUSIP Number)

	June 5, 2017
	(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

[ ]	Rule 13d-1(b)
[x]	Rule 13d-1(c)
[ ]	Rule 13d-1(d)

 

 

       

 

 

 

 

___________________________________

*  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 the disclosures provided in a prior cover page.

 

The information required in 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).

 

1	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)   Berylson Master Fund, LP Berylson Capital Partners, LLC James Berylson
2	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)           [ ]
	(b)           [x]
3	SEC Use Only
4	Citizenship or Place of Organization.   Berylson Master Fund, LP - Cayman Islands Berylson Capital Partners, LLC - Delaware James Berylson - United States

Number of Shares Beneficially Owned by Each Reporting Person With	5    Sole Voting Power   Berylson Master Fund, LP - 0 shares Berylson Capital Partners, LLC - 0 shares James Berylson - 0 shares
	6    Shared Voting Power   Berylson Master Fund, LP - 1,684,500 Common Shares Berylson Capital Partners, LLC - 1,684,500 Common Shares James Berylson - 1,684,500 Common Shares   Refer to Item 4 below.
	7    Sole Dispositive Power   Berylson Master Fund, LP - 0 shares Berylson Capital Partners, LLC - 0 shares James Berylson - 0 shares
	8    Shared Dispositive Power   Berylson Master Fund, LP - 1,684,500 Common Shares Berylson Capital Partners, LLC - 1,684,500 Common Shares James Berylson - 1,684,500 Common Shares   Refer to Item 4 below.

 

9	Aggregate Amount Beneficially Owned by Each Reporting Person   Berylson Master Fund, LP - 1,684,500 Common Shares Berylson Capital Partners, LLC - 1,684,500 Common Shares James Berylson - 1,684,500 Common Shares   Refer to Item 4 below.
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ] N/A
11	Percent of Class Represented by Amount in Row (9)*   Berylson Master Fund, LP - 7.13% Berylson Capital Partners, LLC - 7.13% James Berylson - 7.13%   Refer to Item 4 below.
12	Type of Reporting Person (See Instructions)   Berylson Master Fund, LP - PN (Limited Partnership) Berylson Capital Partners, LLC - OO (Limited Liability Company) James Berylson – IN

 

 

SCHEDULE 13G

 

Item 1.

	(a)	Name of Issuer
		Northern Power Systems Corp.
	(b)	Address of Issuer’s Principal Executive Offices
		29 Pitman Road, Barre, Vermont 05641

Item 2.

	(a)	Name of Person Filing
		Berylson Master Fund, LP Berylson Capital Partners, LLC James Berylson
	(b)	Address of Principal Business Office or, if none, Residence
		Berylson Master Fund, LP Berylson Capital Partners, LLC James Berylson c/o Berylson Capital Partners, LLC 200 Clarendon Street, 50th Floor Boston, MA 02116
	(c)	Citizenship
		Berylson Master Fund, LP - Cayman Islands Berylson Capital Partners, LLC - Delaware James Berylson  - United States
	(d)	Title of Class of Securities
		Common Shares, no par value
	(e)	CUSIP Number
		66561Y107

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

	(a)	[ ]	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
	(b)	[ ]	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	[ ]	Insurance Company as defined in Section 3(a)(19) of the Act
	(d)	[ ]	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
	(e)	[ ]	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
	(f)	[ ]	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
	(g)	[ ]	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
	(h)	[ ]	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

 

	(i)	[ ]	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
	(j)	[ ]	A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
	(k)	[ ]	Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 

Item 4.

Ownership**

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Shares reported herein for Berylson Master Fund, LP (the “Fund”) represent shares held of record by the Fund.  Shares reported herein for Berylson Capital Partners, LLC (“Berylson Capital”) represent the above-referenced shares reported for the Fund, for which Berylson Capital serves as the investment manager. Shares reported herein for Mr. Berylson represent the above-referenced shares reported for the Fund and Berylson Capital.  Mr. Berylson is the sole owner and managing member of Berylson Capital.  Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

The percentages herein are calculated based upon the Issuer’s Quarterly Report on Form 10-Q, as filed with the United States Securities and Exchange Commision on May 12, 2017, stating that there were 23,613,884 outstanding shares of common stock, no par value, (the "Common Shares") of the Issuer as of May 12, 2017.  

	(a)	Amount Beneficially Owned**
		Berylson Master Fund, LP - 1,684,500 Common Shares Berylson Capital Partners, LLC - 1,684,500 Common Shares James Berylson - 1,684,500 Common Shares
	(b)	Percent of Class
		Berylson Master Fund, LP - 7.13% Berylson Capital Partners, LLC - 7.13% James Berylson - 7.13%

	(c)	Number of shares as to which such person has:
		(i)	sole power to vote or to direct the vote
			Berylson Master Fund, LP - 0 shares Berylson Capital Partners, LLC - 0 shares James Berylson - 0 shares
		(ii)	shared power to vote or to direct the vote
			Berylson Master Fund, LP - 1,684,500 Common Shares Berylson Capital Partners, LLC - 1,684,500 Common Shares James Berylson - 1,684,500 Common Shares
		(iii)	sole power to dispose or to direct the disposition of
			Berylson Master Fund, LP - 0 shares Berylson Capital Partners, LLC - 0 shares James Berylson - 0 shares

 

 

		(iv)	shared power to dispose or to direct the disposition of
			Berylson Master Fund, LP - 1,684,500 Common Shares Berylson Capital Partners, LLC - 1,684,500 Common Shares James Berylson - 1,684,500 Common Shares

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [   ].

Item 6.	Ownership of More than Five Percent on Behalf of Another Person
	Not applicable.

Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
	Not applicable.

Item 8.	Identification and Classification of Members of the Group
	Not applicable.

Item 9.	Notice of Dissolution of Group
	Not applicable.

Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Exhibits		Exhibit
99.1		Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Schedule 13D filed by the Reporting Persons with the United States Securities and Exchange Commission on May 27, 2016.

 

SIGNATURE

 

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: June 6, 2017

	BERYLSON MASTER FUND, LP
	By: Berylson Capital Partners GP, LLC,
	its General Partner
	By: /s/ James Berylson
	James Berylson, Managing Member
	BERYLSON CAPITAL PARTNERS, LLC
	By: /s/ James Berylson
	James Berylson, Managing Member
	JAMES BERYLSON
	By: /s/ James Berylson
	James Berylson, Individually