4//SEC Filing
LIVINGSTON DONALD A 4
Accession 0001181431-06-000306
CIK 0000805012other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 5:24 PM ET
Size
9.3 KB
Accession
0001181431-06-000306
Insider Transaction Report
Form 4
ENVIRONMENTAL POWER CORP( EPG )
LIVINGSTON DONALD A
DirectorExecutive Vice President
Transactions
- Award
Bonus Units
2005-12-30+7,000→ 7,000 totalExercise: $7.00→ Common Stock (7,000 underlying) - Award
Non-Statutory Stock Option (right to buy)
2005-12-30+50,000→ 200,000 totalExercise: $5.70From: 2005-12-30Exp: 2009-07-13→ Common Stock (50,000 underlying)
Footnotes (4)
- [F1]On July 13, 2005, the reporting person was granted an option to purchase 200,000 shares of common stock. The option vests in two installments of 150,000 shares and 50,000 shares, respectively, subject thereto upon satisfaction of certain performance criteria. The option vested as to 150,000 shares on September 22, 2005, as previously reported. On December 30, 2005, the performance criteria for the remaining 50,000 shares were met, resulting in the vesting of the option as to such shares.
- [F2]Not applicable.
- [F3]The Form 4/A filed by the reporting person on 9/26/2005 inadvertently reported the price of the derivative security representing the balance of this option then vested as $5.70. There was, in fact, no amount paid by the reporting person for any portion of this option.
- [F4]The reported bonus units were awarded under the issuer's 2005 Equity Incentive Plan and entitle the reporting person to receive, on June 30, 2006, a bonus equal in value to the amount by which the then fair market value of the issuer's common stock exceeds the base value of $7.00, provided that, in the judgment of the Compensation Committee of the issuer's board of directors, the internal business team of which the reporting person is a member has made a significant contribution to the advancement of the business of the issuer or its subsidiary, Microgy, Inc. Any bonus in respect of the bonus units may be paid in cash or in shares of the issuer's common stock, at the discretion of the Compensation Committee.
Documents
Issuer
ENVIRONMENTAL POWER CORP
CIK 0000805012
Entity typeother
Related Parties
1- filerCIK 0001005578
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 5:24 PM ET
- Size
- 9.3 KB