RYAN J. STUART 4
4 · CALPINE CORP · Filed May 11, 2009
Insider Transaction Report
Form 4
CALPINE CORPCPN
RYAN J. STUART
Director
Transactions
- Award
Restricted Stock Units
2009-05-07+8,956→ 8,956 total→ Common Stock (8,956 underlying)
Footnotes (1)
- [F1]Award of restricted stock units, 8956 of which are pursuant to the Issuer's 2008 Directors Incentive Plan. The award vests and becomes nonforfeitable on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of common stock of Calpine Corp. and becomes payable on the earliest to occur of (i) the reporting person's Elected Distribution Date of June 1, 2011, (ii) the consummation of a Change in Control or ( iii ) upon termination of service on the Board.