SEC Form 4 · accession 0001140361-15-026965
CALPINE CORP · CPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack A Fusco
Officer — Executive Chairman · Director
Period of report
Jul 2, 2015
Accepted (ET)
Jul 7, 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 | Jul 2, 2015 | M | 20,000 | $12.64 | A | 1,023,397 | D | |
| Common Stock, par value $0.001 per shareF1,F2 | Jul 2, 2015 | F | 16,738 | $17.58 | D | 1,006,659 | D | |
| Common Stock, par value $0.001 per share | holding | — | — | — | 500,000 | I | Fusco Energy Investment LLP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $12.64 | Jul 2, 2015 | M | 20,000 | A | Aug 10, 2013 | Aug 10, 2015 | Common Stock, par value $0.001 per share | 20,000 | 273,846 | D |
Explanation of responses
- F1Represents a "net exercise" of vested stock options. There was no open market sale of shares by the reporting person. A total of 16,738 shares were withheld by Calpine Corporation (the "Company") for payment of the exercise price and applicable taxes, and the net exercise resulted in 3,262 shares being issued by the Company to the reporting person.
- F2Closing market price of the Company common stock on the transaction date.