SEC Form 4 · accession 0001179110-19-002577
Clean Energy Fuels Corp. · CLNE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mitchell W Pratt
Officer — COO and Secretary
Period of report
Feb 25, 2019
Accepted (ET)
Feb 26, 2019 · 4:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001368265
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $2.19 | Feb 25, 2019 | A | 88,200 | A | — | Feb 25, 2029 | Common Stock | 88,200 | 88,200 | I |
| Stock Option (Right to Buy)F1 | $2.19 | Feb 25, 2019 | A | 37,800 | A | — | Feb 25, 2029 | Common Stock | 37,800 | 37,800 | I |
Explanation of responses
- F134%, 33% and 33% of the total shares subject to the stock option award vest on the first, second and third anniversary of the date of grant, respectively, if, as of each such date, the applicable Volume Hurdle has been achieved. For this purpose, the "Volume Hurdle" will have been achieved if, as of the applicable vesting date, the volume of gasoline gallon equivalents of natural gas delivered by the Issuer in its most recently completed fiscal year has increased by 10% or more relative to the volume of gasoline gallon equivalents of natural gas delivered by the Issuer in the fiscal year immediately preceding the Issuer's most recently completed fiscal year.
- F234% of the total shares subject to the stock option award vest on the first anniversary of the date of grant, and 33% vest on each anniversary thereafter until the award is fully vested.