UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _)
NORTHWESTERN CORP.
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(NAME OF ISSUER)
Common Stock (Par Value $0.01)
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(TITLE OF CLASS OF SECURITIES)
668074305
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(CUSIP NUMBER)
November 30,2014
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|x| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
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1. Names of Reporting Persons.
Deutsche Bank AG*
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2. Check the Appropriate Box If a Member of a Group
(See Instructions)
(a) |_|
(b) |_|
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3. SEC Use Only
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4. Citizenship or Place of Organization
Federal Republic of Germany
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5. SOLE VOTING POWER
5,037,635
-------------------------------------------------------------
6. SHARED VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 5,083,825
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
5,083,825
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11. Percent of Class Represented by Amount in Row (9)
11.02%
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12. Type of Reporting Person
FI
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* In accordance with Securities Exchange Act Release No. 39538 (January 12,
1998), this filing reflects the securities beneficially owned by the Asset
and Wealth Management business group (collectively, "AWM") of Deutsche Bank AG
and its subsidiaries and affiliates (collectively, "DBAG"). This filing does not
reflect securities, if any, beneficially owned by any other business group of
DBAG. Consistent with Rule 13d-4 under the Securities Exchange Act of 1934
"Act"), this filing shall not be construed as an admission that AWM is, for
purposes of Section 13(d) under the Act, the beneficial owner of any securities
covered by the filing.
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1. Names of Reporting Persons.
Deutsche Investment Management Americas
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2. Check the Appropriate Box If a Member of a Group
(See Instructions)
(a) |_|
(b) |_|
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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5. SOLE VOTING POWER
2,232,573
-------------------------------------------------------------
6. SHARED VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 2,232,573
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,232,573
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11. Percent of Class Represented by Amount in Row (9)
4.86%
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12. Type of Reporting Person
IA, CO
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1. Names of Reporting Persons.
Deutsche Bank Trust Company Americas
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2. Check the Appropriate Box If a Member of a Group
(See Instructions)
(a) |_|
(b) |_|
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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5. SOLE VOTING POWER
300
-------------------------------------------------------------
6. SHARED VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 374
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
374
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11. Percent of Class Represented by Amount in Row (9)
0.00%
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12. Type of Reporting Person
BK, CO
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1. Names of Reporting Persons.
Deutsche Bank Securities, Inc.
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2. Check the Appropriate Box If a Member of a Group
(See Instructions)
(a) |_|
(b) |_|
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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5. SOLE VOTING POWER
0
-------------------------------------------------------------
6. SHARED VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 30,406
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8. SHARED DISPOSITIVE POWER
0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
30,406
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11. Percent of Class Represented by Amount in Row (9)
0.04%
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12. Type of Reporting Person
BD, CO
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1. Names of Reporting Persons.
DBX Advisors LLC
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2. Check the Appropriate Box If a Member of a Group
(See Instructions)
(a) |_|
(b) |_|
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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5. SOLE VOTING POWER
580
-------------------------------------------------------------
6. SHARED VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 580
-------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
580
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11. Percent of Class Represented by Amount in Row (9)
0.00%
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12. Type of Reporting Person
IA, CO
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1. Names of Reporting Persons.
Deutsche Asset & Wealth Management International GmbH
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2. Check the Appropriate Box If a Member of a Group
(See Instructions)
(a) |_|
(b) |_|
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3. SEC Use Only
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4. Citizenship or Place of Organization
Federal Republic of Germany
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5. SOLE VOTING POWER
2,804,182
-------------------------------------------------------------
6. SHARED VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 2,819,892
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8. SHARED DISPOSITIVE POWER
0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,819,892
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) |_|
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11. Percent of Class Represented by Amount in Row (9)
6.14%
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12. Type of Reporting Person
IA, CO
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Item 1.
(a) Name of Issuer:
NORTHWESTERN CORP.
(b) Address of Issuer's Principal Executive Offices:
3010 West 69th Street
Sioux Falls, SD 57108
United States
Item 2.
(a) Name of Person Filing:
This statement is filed on behalf of Deutsche Bank AG
("Reporting Person").
(b) Address of the Principal Office or, if none, residence:
Taunusanlage 12
60325 Frankfurt am Main
Federal Republic of Germany
(c) Citizenship:
The citizenship of the Reporting Person is set forth on the cover page.
(d) Title of Class of Securities:
The title of the securities is common stock, $0.01 par value
("Common Stock").
(e) CUSIP Number:
The CUSIP number of the Common Stock is set forth on the cover page.
Item 3. If this statement is filed pursuant to SS.240.13d-1(b) or 240.13d-2(b)
or (c), check whether the person filing is a:
(a) |X| Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
Deutsche Bank Securities, Inc.
(b) |X| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
Deutsche Bank Trust Company Americas
(c) |_| Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) |_| Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C 80a-8).
(e) |X| An investment adviser in accordance with S.240.13d-1(b)(1)(ii)(E);
Deutsche Investment Management Americas
Deutsche Asset & Wealth Management International GmbH
DBX Advisors LLC
(f) |_| An employee benefit plan or endowment fund in accordance with
S.240.13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
S. 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) |X| A non-U.S. institution in accordance with Group, in accordance with
Rule 13d-1 (b)(1)(ii)(J).
(k) |_| Group, in accordance with S.240.13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned:
The Reporting Person owns the amount of the Common Stock as set
forth on the cover page.
(b) Percent of class:
The Reporting Person owns the percentage of the Common Stock as set
forth on the cover page.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
The Reporting Person has the sole power to vote or direct
the vote of the Common Stock as set forth on the cover page.
(ii) Shared power to vote or to direct the vote
The Reporting Person has the shared power to vote or direct
the vote of the Common Stock as set forth on the cover page.
(iii) Sole power to dispose or to direct the disposition
of
The Reporting Person has the sole power to dispose or direct
the disposition of the Common Stock as set forth on the cover
page
(iv) Shared power to dispose or to direct the disposition
The Reporting Person has the shared power to dispose or direct
the disposition of the Common Stock as set forth on the cover
page
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.
Subsidiary Item 3 Classification
Deutsche Investment Management Americas Investment Advisor
Deutsche Asset & Wealth Management International GmbH Investment Advisor
DBX Advisors LLC Investment Advisor
Deutsche Bank Trust Company Americas Bank
Deutsche Bank Securities, Inc. Broker Dealer
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 foreign regulatory scheme applicable to a bank organized
under the laws of the Federal Republic of Germany is substantially
comparable to the regulatory scheme applicable to the functionally
equivalent U.S. institution. I also undertake to furnish to the
Commission staff, upon request, information that would otherwise be
disclosed in a Schedule 13D.
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.
Dated: December 9, 2014
Deutsche Bank AG
By: /s/ Daniela Pondeva
Name: Daniela Pondeva
Title: Assistant Vice President