PLUG POWER INC 4
4 · PLUG POWER INC · Filed Feb 14, 2005
Insider Transaction Report
Form 4
PLUG POWER INCPLUG
SPERRY MARK A
VP & GM Continuous Power Div
Transactions
- Disposition to Issuer
Plug Power Inc. Common Stock
2005-02-10$5.55/sh−725$4,024→ 86,852 total
Footnotes (2)
- [F1]Sale of shares to satisfy income tax withholding obligation upon vesting of restricted stock originally granted on 2-10-04 and vested on 2-10-05.
- [F2]Includes 80,000 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. Sperry's employment with the Company is terminated.