Olsen Martin T. 5
5 · ACTIVE POWER INC · Filed Feb 14, 2013
Insider Transaction Report
Form 5
ACTIVE POWER INCACPW
Olsen Martin T.
VP of Business Development
Transactions
- Exercise/Conversion
Common Stock
2012-05-17+875→ 2,275 total - Tax Payment
Common Stock
2012-05-17$3.85/sh−231$889→ 2,044 total - Exercise/Conversion
Common Stock
2012-08-17+875→ 2,919 total - Tax Payment
Common Stock
2012-08-17$4.20/sh−231$970→ 2,688 total - Exercise/Conversion
Common Stock
2012-11-17+875→ 3,563 total - Tax Payment
Common Stock
2012-11-17$3.00/sh−231$693→ 3,332 total - Exercise/Conversion
Restricted Stock Units
2012-05-17−875→ 13,125 total→ Common Stock (875 underlying) - Exercise/Conversion
Restricted Stock Units
2012-08-17−875→ 12,250 total→ Common Stock (875 underlying) - Exercise/Conversion
Restricted Stock Units
2012-11-17−875→ 11,375 total→ Common Stock (875 underlying)
Footnotes (4)
- [F1]Shares issued upon the vesting of restricted stock units.
- [F2]All amounts included herein have been adjusted to reflect the reverse stock split of Active Power Inc.'s outstanding Common Stock at a reverse split ratio of five-for-one effective as of 5:00 p.m. EST on December 21, 2012.
- [F3]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F4]With continued service, the restricted stock units, representing a right to receive a total of 14,000 shares, vest in a series of sixteen equal quarterly installments upon the completion of each quarter beginning in 5/17/2012. Vested shares are 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.