4//SEC Filing
BEACON POWER CORP 4
Accession 0000908662-05-000119
CIK 0001103345operating
Filed
May 25, 8:00 PM ET
Accepted
May 26, 3:27 PM ET
Size
5.6 KB
Accession
0000908662-05-000119
Insider Transaction Report
Form 4
CAPP F WILLIAM
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2005-05-24$0.93/sh−25,579$23,788→ 418,077 total
Footnotes (1)
- [F1]The restricted stock units described in the Form 4 that was filed on February 17, 2005 are issued in lieu of cash compensation. The transaction reported by this additional Form 4 is driven by the Company's policies restricting open market trading by senior personnel who have access to material nonpublic information. As those policies prevent management from selling shares to the market to generate cash to fund the withholding tax obligations that arise from the compensation income which is generated by the restricted stock units, the Company has withheld shares in sufficient quantity to pay tax liability in connection with this first installment of restricted stock as reported on the above February Form 4.
Documents
Issuer
BEACON POWER CORP
CIK 0001103345
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001103345
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 3:27 PM ET
- Size
- 5.6 KB