SEC Form 4 · accession 0001140361-17-008193
CALPINE CORP · CPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew R. Novotny
Officer — SVP of Commercial Operations
Period of report
Feb 15, 2017
Accepted (ET)
Feb 17, 2017 · 7:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000916457
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F1,F2 | $11.69 | Feb 15, 2017 | A | 27,052 | A | Feb 15, 2020 | Feb 15, 2027 | Common Stock | 27,052 | 27,052 | D |
| Performance Stock UnitsF1,F3 | $0.00 | Feb 15, 2017 | A | 8,745 | A | — | — | Common Stock | 8,745 | 8,745 | D |
Explanation of responses
- F1Granted pursuant to Calpine Corporation's (the "Company") Amended and Restated 2008 Equity Plan.
- F2The option vests 100% on February 15, 2020.
- F3The number of performance share units ("PSUs") reported represents the "target" number of PSUs that may be earned. Each PSU represents a contingent right to receive 0-150% of the target award. PSUs will vest and be paid in cash (in an amount equal to the product of the number of earned PSUs multiplied by the fair market value of one share of common stock of the Company as of the last trading day of the performance cycle) upon achievement of the specified thresholds of the Company's total shareholder return over the three-year performance period of January 1, 2017 through December 31, 2019, following the Compensation Committee's certification of performance as soon as practicable following completion of the performance period.