JINES MICHAEL L 4
4 · GenOn Energy, Inc. · Filed Feb 29, 2012
Insider Transaction Report
Form 4
JINES MICHAEL L
EVP, Gen. Counsel & Corp. Sec.
Transactions
- Award
Common Stock
2012-02-27+220,719→ 386,392 total - Tax Payment
Common Stock
2012-02-27$2.44/sh−10,144$24,751→ 376,248 total - Award
Employee Stock Option - Right to Buy
2012-02-27+240,967→ 240,967 totalExercise: $2.44Exp: 2022-02-26→ Common Stock (240,967 underlying)
Footnotes (3)
- [F1]Comprised of (i) 38,349 shares of common stock resulting from the vesting on February 27, 2012, upon the satisfaction of performance-based conditions, of one-third of the performance-based restricted stock units granted on February 23, 2011, (ii) 76,700 restricted stock units that, upon the satisfaction of the performance-based conditions on February 27, 2012, will vest ratably over the next two years on an annual basis and that may only be settled in common stock and (iii) 105,670 restricted stock units granted on February 27, 2012 that will vest ratably on an annual basis over the next three years and that may only be settled in common stock.
- [F2]The reporting person disposed of these shares to satisfy tax withholding obligations related to the vesting of performance-based restricted stock units.
- [F3]These stock options vest in three equal annual installments beginning February 27, 2013.