4//SEC Filing
Milner J Douglas 4
Accession 0001140361-12-012719
CIK 0001044435other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 2:48 PM ET
Size
8.2 KB
Accession
0001140361-12-012719
Insider Transaction Report
Form 4
ACTIVE POWER INCACPW
Milner J Douglas
DirectorPresident and Chief Executive
Transactions
- Award
Restricted Stock Units
2012-03-01+250,000→ 250,000 total→ Common Stock (250,000 underlying) - Award
Employee Stock Option (Right to Buy)
2012-03-01+750,000→ 750,000 totalExercise: $0.69Exp: 2012-03-01→ Common Stock (750,000 underlying)
Footnotes (3)
- [F1]With continued service, 25% of the option shares shall vest and become exercisable on 3/1/2013, and the balance shall vest and become exercisable in a series of twelve equal quarterly installments upon the completion of each additional quarter of service through 3/1/2016.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F3]With continued service, 25% of the restricted stock units shall vest on 3/1/2013, and the balance shall vest in a series of twelve equal quarterly installments upon the completion of each additional quarter of service through 3/1/2016. 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 (i) the fiscal year or (ii) the calendar year, which in either case includes the vesting date.
Documents
Issuer
ACTIVE POWER INC
CIK 0001044435
Entity typeother
Related Parties
1- filerCIK 0001325253
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 2:48 PM ET
- Size
- 8.2 KB