Home/Filings/4/0001209191-17-040492

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ASPEN AEROGELS INC 4

Accession 0001209191-17-040492

$ASPNCIK 0001145986operating

View on SEC.gov Company Profile

Filed

Jun 15, 8:00 PM ET

Accepted

Jun 16, 4:15 PM ET

Size

22.2 KB

Accession

0001209191-17-040492

Insider Transaction Report

Form 4

Period: 2017-06-14

ASPEN AEROGELS INCASPN

RESERVOIR CAPITAL PARTNERS LP

Director10% Owner

Transactions

Award
Common Stock
2017-06-14+12,289→ 23,025 total
Award
Stock Option (right to buy)
2017-06-14+17,019→ 17,019 total
Exercise: $4.15Exp: 2027-06-14→ Common Stock (17,019 underlying)

Holdings

Common Stock
(indirect: Held by Reservoir Capital Master Fund, L.P.)
250,987
Common Stock
(indirect: Held by Reservoir Capital Partners, L.P.)
2,634,258

RCGM LLC

Director10% Owner

Transactions

Award
Stock Option (right to buy)
2017-06-14+17,019→ 17,019 total
Exercise: $4.15Exp: 2027-06-14→ Common Stock (17,019 underlying)
Award
Common Stock
2017-06-14+12,289→ 23,025 total

Holdings

Common Stock
(indirect: Held by Reservoir Capital Partners, L.P.)
2,634,258
Common Stock
(indirect: Held by Reservoir Capital Master Fund, L.P.)
250,987

RESERVOIR CAPITAL GROUP LLC

Director10% Owner

Transactions

Award
Common Stock
2017-06-14+12,289→ 23,025 total
Award
Stock Option (right to buy)
2017-06-14+17,019→ 17,019 total
Exercise: $4.15Exp: 2027-06-14→ Common Stock (17,019 underlying)

Holdings

Common Stock
(indirect: Held by Reservoir Capital Master Fund, L.P.)
250,987
Common Stock
(indirect: Held by Reservoir Capital Partners, L.P.)
2,634,258

RESERVOIR CAPITAL PARTNERS CAYMAN LP

Director10% Owner

Transactions

Award
Common Stock
2017-06-14+12,289→ 23,025 total
Award
Stock Option (right to buy)
2017-06-14+17,019→ 17,019 total
Exercise: $4.15Exp: 2027-06-14→ Common Stock (17,019 underlying)

Holdings

Common Stock
(indirect: Held by Reservoir Capital Master Fund, L.P.)
250,987
Common Stock
(indirect: Held by Reservoir Capital Partners, L.P.)
2,634,258

RCP GP, LLC

Director10% Owner

Transactions

Award
Stock Option (right to buy)
2017-06-14+17,019→ 17,019 total
Exercise: $4.15Exp: 2027-06-14→ Common Stock (17,019 underlying)
Award
Common Stock
2017-06-14+12,289→ 23,025 total

Holdings

Common Stock
(indirect: Held by Reservoir Capital Partners, L.P.)
2,634,258
Common Stock
(indirect: Held by Reservoir Capital Master Fund, L.P.)
250,987

STERN DANIEL H

Director10% Owner

Transactions

Award
Common Stock
2017-06-14+12,289→ 23,025 total
Award
Stock Option (right to buy)
2017-06-14+17,019→ 17,019 total
Exercise: $4.15Exp: 2027-06-14→ Common Stock (17,019 underlying)

Holdings

Common Stock
(indirect: Held by Reservoir Capital Partners, L.P.)
2,634,258
Common Stock
(indirect: Held by Reservoir Capital Master Fund, L.P.)
250,987

RESERVOIR CAPITAL MASTER FUND LP

Director10% Owner

Transactions

Award
Common Stock
2017-06-14+12,289→ 23,025 total
Award
Stock Option (right to buy)
2017-06-14+17,019→ 17,019 total
Exercise: $4.15Exp: 2027-06-14→ Common Stock (17,019 underlying)

Holdings

Common Stock
(indirect: Held by Reservoir Capital Master Fund, L.P.)
250,987
Common Stock
(indirect: Held by Reservoir Capital Partners, L.P.)
2,634,258

HUFF CRAIG A

Director10% Owner

Transactions

Award
Common Stock
2017-06-14+12,289→ 23,025 total
Award
Stock Option (right to buy)
2017-06-14+17,019→ 17,019 total
Exercise: $4.15Exp: 2027-06-14→ Common Stock (17,019 underlying)

Holdings

Common Stock
(indirect: Held by Reservoir Capital Master Fund, L.P.)
250,987
Common Stock
(indirect: Held by Reservoir Capital Partners, L.P.)
2,634,258

Footnotes (4)

[F1]The reporting person was granted restricted shares of common stock representing a portion of the annual grant of equity for service as a non-employee director pursuant to the Issuer's Non-Employee Director Compensation Policy. These restricted shares will vest on the earlier of (a) June 14, 2018 or (b) the day prior to the Issuer's annual meeting of stockholders to be held in 2018.
[F2]Pursuant to an arrangement between Mr. Huff, Reservoir Capital Partners, L.P. ("RCP") and Reservoir Capital Master Fund, L.P. ("RCMF") (collectively, the "Reservoir Funds"), such shares and options are held by him solely as a nominee for the Reservoir Funds and he is required to transfer such shares and the shares underlying such options to the applicable Reservoir Funds as soon as practicable after such shares can be transferred without restrictions. Such shares and options are included as directly beneficially owned by Mr. Huff, but may also be deemed to be beneficially owned by the other Reporting Persons as a result of such arrangements. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.
[F3]The securities held by RCP or RCMF may be deemed to be beneficially owned by Craig A. Huff and Daniel Stern, who are the senior managing members (the "Reservoir Members") of RCGM, LLC ("RCGM"). RCGM is the managing member of Reservoir Capital Group, L.L.C. ("RCG"), which is the general partner of Reservoir Capital Partners (Cayman), L.P. ("RCP Cayman"), which is the sole member of RCP GP, LLC ("RCP GP"), and which is the general partner of RCP. RCG is the general partner of RCMF. Each of the Reservoir Members, RCGM, RCG, RCP Cayman and RCP GP disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.
[F4]The reporting person was granted options representing the remaining portion of the annual grant of equity for service as a non-employee director pursuant to the Issuer's Non-Employee Director Compensation Policy. The options will vest on the earlier of (a) June 14, 2018 or (b) the day prior to the Issuer's annual meeting of stockholders to be held in 2018.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

ASPEN AEROGELS INC

CIK 0001145986

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001145986

Filing Metadata

Form type: 4
Filed: Jun 15, 8:00 PM ET
Accepted: Jun 16, 4:15 PM ET
Size: 22.2 KB

View on SEC.gov