Brown Lisa M 4
4 · ACTIVE POWER INC · Filed Feb 22, 2012
Insider Transaction Report
Form 4
ACTIVE POWER INCACPW
Brown Lisa M
VP of Marketing & Cust Service
Transactions
- Award
Employee Stock Option (Right to Buy)
2012-02-17+45,000→ 45,000 totalExercise: $0.80Exp: 2022-02-17→ Common Stock (45,000 underlying) - Award
Employee Stock Option (Right to Buy)
2012-02-17+20,000→ 20,000 totalExercise: $0.80Exp: 2022-02-17→ Common Stock (20,000 underlying) - Award
Restricted Stock Units
2012-02-17+45,000→ 45,000 total→ Common Stock (45,000 underlying)
Footnotes (4)
- [F1]With continued service, the option shares shall vest and become exercisable in a series of sixteen equal quarterly installments upon the completion of each quarter of service through 2/17/2016.
- [F2]With continued service, 100% of the option shares shall vest and become exercisable on 2/17/2013.
- [F3]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F4]With continued service, the restricted stock units shall vest in a series of sixteen equal quarterly installments upon the completion of each quarter of service through 2/17/2016. Vested shares will be delivered to the reporting person as soon as practicable after vesting, but in each case within the period ending no later than the later of the 15th day of the 3rd month following the end of the (i) fiscal year or the (ii) calendar year, which in either case includes the vesting date.