Brown Lisa M 4
4 · ACTIVE POWER INC · Filed Feb 28, 2011
Insider Transaction Report
Form 4
ACTIVE POWER INCACPW
Brown Lisa M
VP of Marketing & Cust Service
Transactions
- Award
Employee Stock Option (right to buy)
2011-02-24+157,500→ 157,500 totalExercise: $0.79Exp: 2010-02-25→ Common Stock (157,500 underlying)
Footnotes (2)
- [F1]On February 25, 2010, the reporting person was granted an option to purchase shares of common stock, 157,500 of which option shares became eligible for vesting on February 24, 2011 upon Active Power's satisfaction of certain performance criteria for the fiscal year ending December 31, 2010.
- [F2]With continued service, the number of option shares eligible for vesting shall vest as follows: (i) 50% on the first anniversary of the date of grant, (ii) 25% on the second anniversary of the date of grant, and (iii) 25% on the third anniversary of the date of grant.