MCDERMOTT EDWARD H 4/A
4/A · CALPINE CORP · Filed Jun 26, 2009
Insider Transaction Report
Form 4/AAmended
CALPINE CORPCPN
PATTERSON WILLIAM J
Director10% Owner
Transactions
- Award
Restricted Stock Units
2009-05-07+14,224→ 16,944 total→ Common Stock (14,224 underlying)
Footnotes (2)
- [F1]The Form 4 initially filed by the reporting persons on May 11, 2009 had a typographical error. This amendment is being filed to correct the number of restricted stock units to 14,224 from 14,214 units previously reported. This is an award of restricted stock units, 8,956 of which are pursuant to the Issuer's 2008 Directors Incentive Plan and 5,268 of which are pursuant to the Issuer's 2008 Equity 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 May 7, 2011, (ii) the consummation of a Change in Control or (iii) upon termination of service on the Board. These awards of restricted stock units were made to William J. Patterson ("WJP") as a Director and Chairman of the Board of the Issuer.
- [F2]Pursuant to the partnership agreement governing SPO Partners II, L.P. ("SPO Partners"), these units and profits arising therefrom, may be deemed to be beneficially owned by SPO Partners, and certain of it's affiliates. These units are in addition to 2,720 restricted stock units previously awarded to WJP and previously reported as restricted stock in Table I above.