OBERNDORF WILLIAM E 4
4 · CALPINE CORP · Filed May 17, 2012
Insider Transaction Report
Form 4
CALPINE CORPCPNC
OBERNDORF WILLIAM E
10% Owner
Transactions
- Award
Common Stock, par value $0.001 per share
2012-05-15+5,166→ 39,317 total
Footnotes (2)
- [F1]Represents award of restricted stock units pursuant to Calpine Corporation's Amended and Restated 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 2013 annual meeting of stockholders. The vested shares will be issued and delivered to the reporting person on the earliest to occur of (i) the reporting person's elected distribution date, (ii) a change of control of the Company, or (iii) the reporting person's 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 settled solely in common stock.
- [F2]Includes 28,700 shares of Calpine Corporation common stock held in the William E. Oberndorf individual retirement account that is self directed.