4//SEC Filing
CALPINE CORP 4
Accession 0001181431-14-008174
CIK 0000916457operating
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 7:37 PM ET
Size
7.0 KB
Accession
0001181431-14-008174
Insider Transaction Report
Form 4
CALPINE CORPCPN
RYAN J. STUART
Director
Transactions
- Sale
Common Stock
2014-02-18$20.10/sh−20,000,000$402,000,000→ 12,101,660 total(indirect: See Footnotes)
Footnotes (4)
- [F1]Represents shares sold by SPO Partners II, L.P. ("SPO Partners"), which sold 18,480,500 shares, SPO Partners II Co-Investment Partnership, L.P. ("SPO Co-Invest"), which sold 1,091,200 shares, and San Francisco Partners, L.P. ("SF Partners"), which sold 428,300 shares. The price for the sales on 2/18/14, reported in Line 1 above, was $20.10. These shares may have been deemed to be indirectly beneficially owned by J. Stuart Ryan ("JSR") and his investment vehicle, Rydout LLC ("Rydout"), solely in his advisory capacity to SPO Corp., with respect to investments by SPO Partners, SF Partners, and SPO Co-Invest in securities of Calpine Corporation.
- [F2]5,029 shares of common stock and 38,623 restricted stock units are owned by JSR. Additionally, 10,709,212 shares of the Issuer's common stock are owned directly by SPO Partners, and may be deemed to be indirectly beneficially owned by (i) SPO Advisory Partners, L.P. ("SPO Advisory"), the sole general partner of SPO Partners, (ii) SPO Advisory Corp. ("SPO Corp."), the sole general partner of SPO Advisory, and (iii) John H. Scully ("JHS"), Edward H. McDermott ("EHM") and Eli J. Weinberg ("EJW"), the three controlling persons of SPO Corp. Additionally, 687,796 shares of the Issuer's common stock are owned directly by SF Partners, and may be deemed to be indirectly beneficially owned by (i) SF Advisory Partners, L.P. ("SF Advisory"), the sole general partner of SF Partners, (ii) SPO Corp., the sole general partner of SF Advisory, and (iii) JHS, EHM and EJW, the three controlling persons of SPO Corp.
- [F3]Additionally, 661,000 shares of the Issuer's common stock are owned directly by SPO Co-Invest, and may be deemed to be indirectly beneficially owned by (i) SPO Advisory, the sole general partner of SPO Co-Invest, (ii) SPO Corp., the sole general partner of SPO Advisory, and (iii) JHS, EHM and EJW, the three controlling persons of SPO Corp.
- [F4]Additionally, these shares may be deemed to be indirectly beneficially owned by JSR and his investment vehicle, Rydout, solely in his advisory capacity to SPO Corp., with respect to investments by SPO Partners, SF Partners, and SPO Co-Invest in securities of Calpine Corporation.
Documents
Issuer
CALPINE CORP
CIK 0000916457
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000916457
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 7:37 PM ET
- Size
- 7.0 KB