PLUG POWER INC 4

4 · PLUG POWER INC · Filed Feb 12, 2004

Form 4

Period: 2004-02-10

VP Res. & System Architecture

Transactions

Award
Employee Stock Option
2001-11-14$8.53/sh+27,000$230,310→ 35,810 total
Exercise: $8.53Exp: 2011-11-14→ Common Stock (27,000 underlying)
Award
Plug Power Inc. Common Stock
2004-02-10+6,712→ 41,303 total
Award
Employee Stock Option
2004-02-10$9.20/sh+25,000$230,000→ 60,810 total
Exercise: $9.20Exp: 2014-02-10→ Common Stock (25,000 underlying)
Award
Employee Stock Option
2001-11-14$8.53/sh+8,810$75,149→ 8,810 total
Exercise: $8.53Exp: 2011-11-14→ Common Stock (8,810 underlying)

Footnotes (5)

[F1]Includes 33,333 restricted shares of Plug Power common stock (the "Shares") pursuant to Plug Power Inc.'s (the "Company") offer to exchange (the "Offer") in accordance with Rule 13e-4 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Offer commenced on May 22, 2003 and expired on June 20, 2003. The Shares vest in three equal installments 21 months, 24 months and 27 months after June 20, 2003. Prior to vesting, the Shares are subject to forfeiture in the event that Mr. Elter's employment with the Company is terminated.
[F2]The stock options vest as follows: 4,405 shares became exercisable on November 14, 2002; 4,405 shares became exercisable on November 14, 2003.
[F3]The stock options vest as follows: 9,000 shares became exercisable on November 14, 2002; 9,000 shares became exercisable on November 14, 2003; 9,000 shares become vested on November 14, 2004.
[F4]The stock options vest as follows; 8,333 shares become exercisable on August 9, 2004; 8,333 shares become exercisable on February 9, 2005, and 8,334 shares become exercisable on August 9, 2005.
[F5]The grant of restricted stock vests as follows: 2,237 shares vest on August 10, 2004; 2,237 shares vest on February 10, 2005; 2,238 shares vest on August 10, 2005. Prior to vesting, the shares are subject to forfeiture in the event that Mr. Neumann's employment with The Company is terminated.

Documents

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