ACTIVE POWER INC 4
4 · ACTIVE POWER INC · Filed Aug 21, 2013
Insider Transaction Report
Form 4
ACTIVE POWER INCACPW
Olsen Martin T.
VP of Business Development
Transactions
- Exercise/Conversion
Common Stock
2013-08-19+875→ 5,386 total - Exercise/Conversion
Restricted Stock Units
2013-08-19−875→ 8,750 total→ Common Stock (875 underlying) - Tax Payment
Common Stock
2013-08-19$3.41/sh−232$791→ 5,154 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 14,000 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.