SEC Form 4 · accession 0001140361-15-027315
CALPINE CORP · CPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thad Hill
Officer — President & Chief Exec.Officer · Director
Period of report
Jul 8, 2015
Accepted (ET)
Jul 10, 2015 · 4:59 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 8, 2015 | M | 11,538 | $12.64 | A | 498,785 | D | |
| Common Stock, par value $0.001 per shareF1,F2 | Jul 8, 2015 | F | 9,698 | $17.43 | D | 489,087 | D | |
| Common Stock, par value $0.001 per shareF3 | Jul 9, 2015 | M | 4,616 | $12.64 | A | 493,703 | D | |
| Common Stock, par value $0.001 per shareF3,F2 | Jul 9, 2015 | F | 3,887 | $17.37 | D | 489,816 | D |
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 8, 2015 | M | 11,538 | D | Aug 11, 2013 | Sep 1, 2015 | Common Stock, par value $0.001 per share | 11,538 | 125,385 | D |
| Employee Stock Option (right to buy) | $12.64 | Jul 9, 2015 | M | 4,616 | D | Aug 11, 2013 | Sep 1, 2015 | Common Stock, par value $0.001 per share | 4,616 | 120,769 | 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 9,698 shares were withheld by Calpine Corporation (the "Company") for payment of the exercise price and applicable taxes, and the net exercise resulted in 1,840 shares being issued by the Company to the reporting person.
- F2Closing market price of the Company common stock on the transaction date.
- F3Represents a "net exercise" of vested stock options. There was no open market sale of shares by the reporting person. A total of 3,887 shares were withheld by the Company for payment of the exercise price and applicable taxes, and the net exercise resulted in 729 shares being issued by the Company to the reporting person.