SEC Form 5 · accession 0001104659-16-097414
PLUG POWER INC · PLUG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Marsh
Officer — President and CEO · Director
Period of report
Dec 31, 2015
Accepted (ET)
Feb 16, 2016 · 5:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001093691
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 23, 2015 | M | 122,223 | — | A | 452,422 | D | |
| Common Stock | Jul 23, 2015 | F | 71,926 | $2.43 | D | 452,422 | D | |
| Common StockF2 | holding | — | — | — | 61,843 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F1,F4 | — | Jul 23, 2015 | M | — | D | — | — | Common Stock | 122,223 | 122,222 | D |
| Option to purchase Plug Power Common StockF3,F5 | $2.43 | Jul 23, 2015 | A | 750,000 | A | — | Jul 23, 2025 | Common Stock | 750,000 | 2,296,850 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2The reporting person holds 61,843 shares of Plug Power Common Stock under a 401(k) plan. The information in this report is based on a plan statement as of December 31, 2015.
- F3Awarded pursuant to Plug Power's 2011 Stock Option and Incentive Plan.
- F4The restricted stock units vest as follows: 122,222 shares vest on July 23, 2014; 122,223 shares vest on July 23, 2015; 122,222 shares lapse on July 23, 2016.
- F5250,000 options vest on July 23, 2016, 250,000 options vest on July 23, 2017 and 250,000 options vest on July 23, 2018.