4//SEC Filing
CLEARMAN STEPHEN J 4
Accession 0001140361-12-029560
CIK 0001044435other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 8:38 PM ET
Size
13.1 KB
Accession
0001140361-12-029560
Insider Transaction Report
Form 4
ACTIVE POWER INCACPW
CLEARMAN STEPHEN J
10% Owner
Transactions
- Award
Common Stock
2012-06-05+30,000→ 30,000 total - Award
Stock Option (Right to Buy)
2012-06-05+30,000→ 30,000 totalExercise: $0.78Exp: 2012-06-05→ Common Stock (30,000 underlying)
Holdings
- 17,632,985(indirect: See Footnote)
Common Stock
Footnotes (3)
- [F1]The shares of Common Stock represent a grant of Restricted Stock Units for no consideration and, with continued service, one-third of the Restricted Stock Units shares shall vest on each of 6/5/2013, 6/5/2014 and 6/5/2015. Pursuant to Mr. Clearman's arrangement with Kinderhook Partners, LLC (formerly known as Kinderhook Capital Management, LLC) (the "Advisor") with respect to director compensation, the proceeds from the sale of the shares underlying the Restricted Stock Units are expected to be remitted to the Advisor. Accordingly, Mr. Clearman disclaims beneficial ownership of such securities.
- [F2]Shares held by Kinderhook, LP (formerly known as Kinderhook Partners, LP) (the "Partnership"). The Advisor serves as the investment adviser to the Partnership. Kinderhook GP, LLC serves as the general partner (the "General Partner") to the Partnership. Mr. Stephen Clearman serves as one of the General Partner's managing members and as one of the Advisor's managing members and, in such capacities, is responsible for making investment decisions with respect to the Partnership. As a result, Mr. Clearman may be deemed to control such entities. Accordingly, Mr. Clearman may be deemed to have a beneficial interest in the shares of Common Stock by virtue of his indirect control of the Partnership's, the General Partner's and the Advisor's power to vote and/or dispose of the shares of Common Stock. Mr. Clearman disclaims beneficial ownership of the shares of Common Stock except to the extent of his pecuniary interest, if any, therein.
- [F3]With continued service, one-third of the option shares shall vest and become exercisable on each of 6/5/2013, 6/5/2014 and 6/5/2015. Pursuant to Mr. Clearman's arrangement with the Advisor with respect to director compensation, the proceeds from the sale of the shares underlying the option are expected to be remitted to the Advisor. Accordingly, Mr. Clearman disclaims beneficial ownership of such securities.
Documents
Issuer
ACTIVE POWER INC
CIK 0001044435
Entity typeother
Related Parties
1- filerCIK 0001032874
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 8:38 PM ET
- Size
- 13.1 KB