GATES CHARLES M. 4
4 · CALPINE CORP · Filed Feb 20, 2018
Insider Transaction Report
Form 4
CALPINE CORPCPN
GATES CHARLES M.
EVP, Power Operations
Transactions
- Tax Payment
Common Stock, par value $0.001 per share
2018-02-15$15.07/sh−2,838$42,769→ 35,045 total - Exercise/Conversion
Common Stock, par value $0.001 per share
2018-02-15+10,755→ 37,883 total - Exercise/Conversion
Restricted Stock Units
2018-02-15−10,755→ 21,512 total→ Common Stock, par value $0.001 per share (10,755 underlying)
Footnotes (5)
- [F1]Represents the conversion upon vesting of restricted stock units ("RSUs") into common stock of Calpine Corporation (the "Company"). On May 10, 2017, the reporting person was granted 32,267 RSUs that were previously reported on Table II of a Form 4 filed with the Securities and Exchange Commission on May 10, 2017.
- [F2]RSUs convert into common stock on a one-for-one basis.
- [F3]Represents shares withheld by the Company at the reporting person's request, as permitted under the Company's 2017 Equity Incentive Plan (the "Equity Plan"), to satisfy the reporting person's tax withholding obligation in connection with the vesting on February 15, 2018 of certain shares of restricted stock units previously awarded to the reporting person. There was no open market sale of shares by the reporting person.
- [F4]Closing market price of the Company common stock on the transaction date.
- [F5]Award of restricted stock units pursuant to the Equity Plan. The grant was approved by the Board of Directors on February 15, 2017 contingent upon shareholder approval of the Equity Plan. The Equity Plan was approved by the Company's shareholders at the 2017 Annual Meeting on May 10, 2017 and became effective as of that date. The award vests in three equal annual installments on the first, second and third anniversary dates of the grant date. Vested shares will be delivered to the reporting person on the settlement date unless the Issuer elects to settle the restricted stock units in cash or a combination of shares and cash, at the Company's discretion.