Jacobs Christine A 4

4 · NRG ENERGY, INC. · Filed Jan 4, 2006

Form 4

Period: 2006-01-03

Vice Pres, Plant Operations

Transactions

Award
Non-Qualified Stock Option
2006-01-03+11,000→ 37,000 total
Exercise: $47.95From: 2007-01-03Exp: 2012-01-03→ Common Stock, par value $0.01 per share (11,000 underlying)
Award
Performance Units
2006-01-03+5,000→ 42,000 total
From: 2009-01-03Exp: 2009-01-03→ Common Stock, par value $0/01 per share (5,000 underlying)
Award
Common Stock, par value $0.01 per share
2006-01-03+1,300→ 8,158 total

Footnotes (5)

[F1]Represents Restricted Stock Units issued to Ms. Jacobs by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan.
[F2]Each Restricted Stock Unit is equivalent in value to one share of NRG Energy, Inc.'s Common Stock, par value $0.01. Ms. Jacobs will receive from NRG Energy, Inc. one such share of Common Stock for each Restricted Stock Unit on January 3, 2009.
[F3]Pursuant to the Grant Agreement by and between NRG Energy, Inc. and Ms. Jacobs, the Stock Options will vest and become exercisable as follows: 33 1/3% on January 3, 2007; 33 1/3% on January 3, 2008; and 33 1/3% on January 3, 2009.
[F4]Stock Options expire six years from the date of grant.
[F5]Ms. Jacobs was issued 2,500 Performance Units by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan on January 3, 2006. Each Performance Unit will be paid out on January 3, 2009 if the average closing price of NRG Energy, Inc.'s Common Stock for the ten trading days prior to January 3, 2009 (the "Measurement Price") is equal to or greater than $67.37 (the "Target Price"). The payout for each Performance Unit will be equal to: (i) one share of Common Stock, if the Measurement Price equals the Target Price; (ii) a prorated amount in between one and two shares of Common Stock, if the Measurement Price is greater than the Target Price but less than $79.49 (the "Maximum Price"); and (iii) two shares of Common Stock, if the Measurement Price is equal to or greater than the Maximum Price.

Documents

2 files