Rubin Jason Peter 4
4 · ACTIVE POWER INC · Filed May 20, 2013
Insider Transaction Report
Form 4
ACTIVE POWER INCACPW
Rubin Jason Peter
VP of Manufacturing
Transactions
- Exercise/Conversion
Restricted Stock Units
2013-05-17−750→ 8,250 total→ Common Stock (750 underlying) - Exercise/Conversion
Common Stock
2013-05-17+750→ 4,546 total - Tax Payment
Common Stock
2013-05-17$4.22/sh−245$1,034→ 4,301 total
Footnotes (3)
- [F1]Shares issued upon the vesting of restricted stock units.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F3]With continued service, the restricted stock units, representing a right to receive a total of 12,000 shares, vest in a series of sixteen equal quarterly installments upon the completion of each quarter beginning on 05/17/2012. 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.