4//SEC Filing
Novotny Andrew R. 4
Accession 0000916457-18-000019
CIK 0000916457other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 4:40 PM ET
Size
9.8 KB
Accession
0000916457-18-000019
Insider Transaction Report
Form 4
CALPINE CORPCPN
Novotny Andrew R.
SVP of Commercial Operations
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2018-02-15+8,229→ 58,157 total - Tax Payment
Common Stock, par value $0.001 per share
2018-02-15$15.07/sh−2,286$34,450→ 55,871 total - Exercise/Conversion
Restricted Stock Units
2018-02-15−8,229→ 16,459 total→ Common Stock, par value $0.001 per share (8,229 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 24,688 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.
Documents
Issuer
CALPINE CORP
CIK 0000916457
Entity typeother
Related Parties
1- filerCIK 0001697866
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 4:40 PM ET
- Size
- 9.8 KB