4//SEC Filing
CALPINE CORP 4
Accession 0001140361-16-046288
CIK 0000916457operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:43 PM ET
Size
12.7 KB
Accession
0001140361-16-046288
Insider Transaction Report
Form 4
CALPINE CORPCPN
MILLER W. THADDEUS
EVP & CHIEF LEGAL OFFICER
Transactions
- Tax Payment
Common Stock, par value $0.001 per share
2015-12-31$14.47/sh−33,968$491,517→ 322,249 total
Holdings
- 2,636(indirect: By Trust)
Common Stock, par value $0.001 per share
- 5,808(indirect: By Trust)
Common Stock, par value $0.001 per share
- 26,967(indirect: By Trust)
Common Stock, par value $0.001 per share
- 40,462(indirect: By Trust)
Common Stock, par value $0.001 per share
- 17,345(indirect: By Trust)
Common Stock, par value $0.001 per share
- 17,097(indirect: By Trust)
Common Stock, par value $0.001 per share
Footnotes (8)
- [F1]Represents shares withheld by Calpine Corporation (the "Company") at the Reporting Person's request, as permitted under the Company's Amended and Restated 2008 Equity Incentive Plan to satisfy the Reporting Person's tax withholding obligation in connection with the vesting on Thursday, December 31, 2015 of certain shares of restricted stock previously awarded to the Reporting Person. There was no open market sale of shares by the Reporting Person.
- [F2]Closing market price per share of the Company common stock on the transaction date.
- [F3]On November 13, 2015, 9,217 shares of Company common stock were automatically transferred to the Reporting Person's direct ownership account in satisfaction of the annuity payment obligations pursuant to the terms of the November 2014 GRAT. The Reporting Person is the sole recipient of the annuity payments made by the November 2014 GRAT and serves as the trustee of the GRAT. See Footnote (5).
- [F4]On November 13, 2015, 7,880 shares of Company common stock were automatically transferred to the Reporting Person's direct ownership account in satisfaction of the annuity payment obligations pursuant to the terms of the November 2013 grantor retained annuity trust ("GRAT"). On November 13, 2015, the GRAT terminated pursuant to its terms. The Reporting Person was the sole recipient of the annuity payments made by the November 2013 GRAT and served as the trustee of the GRAT. See Footnote (5).
- [F5]On November 13, 2015, the Reporting Person contributed 7,880 and 9,217 shares of Company common stock from his direct ownership account to fund a new GRAT (November 2015 GRAT). The Reporting Person is the sole recipient of the annuity payments made by the November 2015 GRAT and serves as the trustee of this GRAT.
- [F6]The Reporting Person's children are respective beneficiaries of the trusts, and the Reporting Person and his spouse serve as trustees. The Reporting Person may be deemed to be an indirect beneficial owner of the shares held by each trust and these shares continue to be reported on this Form 4 as indirectly owned.
- [F7]The Reporting Person funded the GRAT in May 2014, is the sole recipient of the annuity payments made by this GRAT and serves as the trustee of this GRAT.
- [F8]The Reporting Person funded the GRAT in June 2015, is the sole recipient of the annuity payments made by this GRAT and serves as the trustee of this GRAT.
Documents
Issuer
CALPINE CORP
CIK 0000916457
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000916457
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:43 PM ET
- Size
- 12.7 KB