CALPINE CORP|4Jul 27, 6:54 PM ET

CALPINE CORP 4

4 · CALPINE CORP · Filed Jul 27, 2015

Insider Transaction Report

Form 4

Period: 2015-07-23

CALPINE CORPCPN

MILLER W. THADDEUS

EVP & CHIEF LEGAL OFFICER

Transactions

Tax Payment
Common Stock, par value $0.001 per share
2015-07-23$16.87/sh−2,863$48,299→ 354,228 total
Exercise/Conversion
Common Stock, par value $0.001 per share
2015-07-27$12.64/sh+1,914$24,193→ 357,868 total
Tax Payment
Common Stock, par value $0.001 per share
2015-07-27$16.57/sh−1,651$27,357→ 356,217 total
Exercise/Conversion
Common Stock, par value $0.001 per share
2015-07-23$12.64/sh+3,350$42,344→ 357,091 total
Exercise/Conversion
Employee Stock Option (right to buy)
2015-07-24−12,445→ 38,769 total
Exercise: $12.64From: 2013-08-11Exp: 2015-08-11→ Common Stock, par value $0.001 per share (12,445 underlying)
Exercise/Conversion
Common Stock, par value $0.001 per share
2015-07-24$12.64/sh+12,445$157,305→ 366,673 total
Tax Payment
Common Stock, par value $0.001 per share
2015-07-24$16.61/sh−10,719$178,043→ 355,954 total
Exercise/Conversion
Employee Stock Option (right to buy)
2015-07-23−3,350→ 51,214 total
Exercise: $12.64From: 2013-08-11Exp: 2015-08-11→ Common Stock, par value $0.001 per share (3,350 underlying)
Exercise/Conversion
Employee Stock Option (right to buy)
2015-07-27−1,914→ 36,855 total
Exercise: $12.64From: 2013-08-11Exp: 2015-08-11→ Common Stock, par value $0.001 per share (1,914 underlying)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Trust)
7,880
Common Stock, par value $0.001 per share
(indirect: By Trust)
5,808
Common Stock, par value $0.001 per share
(indirect: By Trust)
17,345
Common Stock, par value $0.001 per share
(indirect: By Trust)
40,462
Common Stock, par value $0.001 per share
(indirect: By Trust)
26,967
Common Stock, par value $0.001 per share
(indirect: By Trust)
40,462
Common Stock, par value $0.001 per share
(indirect: By Trust)
11,853

Footnotes (9)

[F1]Represents a "net exercise" of vested stock options. There was no open market sale of shares by the reporting person. A total of 2,863 shares were withheld by Calpine Corporation (the "Company") for payment of the exercise price and applicable taxes, and the net exercise resulted in 487 shares being issued by the Company to the reporting person.
[F2]Closing market price of the Company common stock on the transaction date.
[F3]Represents a "net exercise" of vested stock options. There was no open market sale of shares by the reporting person. A total of 10,719 shares were withheld by the Company for payment of the exercise price and applicable taxes, and the net exercise resulted in 1,726 shares being issued by the Company to the reporting person.
[F4]Represents a "net exercise" of vested stock options. There was no open market sale of shares by the reporting person. A total of 1,651 shares were withheld by the Company for payment of the exercise price and applicable taxes, and the net exercise resulted in 263 shares being issued by the Company to the reporting person.
[F5]The Reporting Person's children are respective beneficiaries of the trusts, and the Reporting Person and his spouse serve as trustees. The Reporting Person may be deemed to be an indirect beneficial owner of the shares held by each trust and these shares continue to be reported on this Form 4 as indirectly owned.
[F6]The Reporting Person funded the GRAT in November 2013, is the sole recipient of the annuity payments made by this GRAT and serves as the trustee of this GRAT.
[F7]The Reporting Person funded the GRAT in May 2014, is the sole recipient of the annuity payments made by this GRAT and serves as the trustee of this GRAT.
[F8]The Reporting Person funded the GRAT in November 2014, is the sole recipient of the annuity payments made by this GRAT and serves as the trustee of this GRAT.
[F9]The Reporting Person funded the GRAT in June 2015, is the sole recipient of the annuity payments made by this GRAT and serves as the trustee of this GRAT.

Documents

1 file

4
doc1.xmlPrimary
FORM 4