SEC Form 4 · accession 0001140361-15-018562
CALPINE CORP · CPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Merritt
Director
Period of report
May 6, 2015
Accepted (ET)
May 8, 2015 · 6:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000916457
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1,F2 | May 6, 2015 | S | 14,000 | $20.404 | D | 15,783 | D | |
| Common Stock, par value $0.001 per shareF3,F4 | May 7, 2015 | P | 14,000 | $20.521 | A | 24,000 | I | By David C. Merritt Defined Benefit Plan & Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions. 3,011 shares were sold at $20.36 per share, 489 shares were sold at $20.39 per share, 3,500 shares were sold at $20.40 per share, 3,500 shares were sold at $20.41 per share, 2,800 shares were sold at $20.44 per share and 700 shares were sold at $20.45 per share.
- F2As an Internal Revenue Service regulation prohibits a transfer of shares from the reporting person's personal account directly into his pension fund account, the reporting person elected to effect the transfer by selling shares from his personal account and subsequently purchasing the same number of shares in the open market for deposit in his pension fund account to hold as a long-term investment. Reference Footnotes 3 and 4 below.
- F3The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions. 3,400 shares were purchased at $20.515 per share, 3,482 shares were purchased at $20.519 per share, 2,418 shares were purchased at $20.52 per share, 4,300 shares were purchased at $20.526 per share, and 400 shares were purchased at $20.53 per share.
- F4Represents shares purchased in an open market transaction by a trust established under a defined benefit plan in which the insider is the sole participant, the sole beneficiary, the sole trustee, and has sole investment control. Reference Footnotes 1 and 2 above.
Remarks
The reporting person sold shares at $20.450 or less per share and repurchased the same number of shares at $20.515 or more per share. Transaction was effected solely to transfer personal investment from a personal account to a defined benefit plan and trust account.