CASSIDY FRANK 4
4 · CALPINE CORP · Filed May 21, 2010
Insider Transaction Report
Form 4
CALPINE CORPCPN
CASSIDY FRANK
Director
Transactions
- Award
Common Stock
2010-05-19+6,367→ 11,396 total
Footnotes (1)
- [F1]Represents award of restricted stock units pursuant to Calpine Corporation's 2008 Director Incentive Plan. The award vests on the earlier to occur of (i) the first anniversary of the grant date or (ii) the day immediately preceding the date of the 2011 annual meeting of stockholders. The shares become payable on the earliest to occur of (i) the reporting person's elected distribution date, (ii) the consummation of a change in control, or (iii) upon termination of service on the board of directors. Each restricted stock unit represents a contingent right to receive one share of Calpine Corporation common stock. The restricted stock units are payable solely in common stock.