SEC Form 4 · accession 0001140361-16-071790
CALPINE CORP · CPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack A Fusco
Director
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 4:18 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 shareF2 | Jul 1, 2016 | S | 80,900 | $14.72 | D | 737,625 | D | |
| Common Stock, par value $0.001 per shareF1 | Jul 1, 2016 | S | 73,700 | $14.71 | D | 291,300 | I | Fusco Energy Investment LLP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 20, 2016. Mr. Fusco has become CEO of another company with which he entered into an employment agreement pursuant to which he is obligated to purchase $10 million worth of shares by December 31, 2016.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.60 per share to $14.91 per share, inclusive. The reporting person undertakes to provide to Calpine Corporation (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.