4//SEC Filing
ASPEN AEROGELS INC 4
Accession 0001209191-16-129935
$ASPNCIK 0001145986operating
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 5:45 PM ET
Size
22.2 KB
Accession
0001209191-16-129935
Insider Transaction Report
Form 4
HUFF CRAIG A
Director10% Owner
Transactions
- Award
Common Stock
2016-06-24+10,736→ 18,451 total - Award
Stock Option (right to buy)
2016-06-24+14,799→ 14,799 totalExercise: $4.75Exp: 2026-06-24→ Common Stock (14,799 underlying)
Holdings
- 2,646,515(indirect: Held by Reservoir Capital Partners, L.P.)
Common Stock
- 251,137(indirect: Held by Reservoir Capital Master Fund, L.P.)
Common Stock
Footnotes (4)
- [F1]The reporting person was granted restricted shares of common stock representing a portion of the annual grant of equity for service as a non-employee director pursuant to the Issuer's Non-Employee Director Compensation Policy. These restricted shares will vest on the earlier of (a) June 24, 2017 or (b) the day prior to the Issuer's annual meeting of stockholders to be held in 2017.
- [F2]Pursuant to an arrangement between Mr. Huff, Reservoir Capital Partners, L.P. ("RCP") and Reservoir Capital Master Fund, L.P. ("RCMF") (collectively, the "Reservoir Funds"), such shares and options are held by him solely as a nominee for the Reservoir Funds and he is required to transfer such shares and the shares underlying such options to the applicable Reservoir Funds as soon as practicable after such shares can be transferred without restrictions. Such shares and options are included as directly beneficially owned by Mr. Huff, but may also be deemed to be beneficially owned by the other Reporting Persons as a result of such arrangements. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.
- [F3]The securities held by RCP or RCMF may be deemed to be beneficially owned by Craig A. Huff and Daniel Stern, who are the senior managing members (the "Reservoir Members") of RCGM, LLC ("RCGM"). RCGM is the managing member of Reservoir Capital Group, L.L.C. ("RCG"), which is the general partner of Reservoir Capital Partners (Cayman), L.P. ("RCP Cayman"), which is the sole member of RCP GP, LLC ("RCP GP"), and which is the general partner of RCP. RCG is the general partner of RCMF. Each of the Reservoir Members, RCGM, RCG, RCP Cayman and RCP GP disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.
- [F4]The reporting person was granted options representing the remaining portion of the annual grant of equity for service as a non-employee director pursuant to the Issuer's Non-Employee Director Compensation Policy. The options will vest on the earlier of (a) June 24, 2017 or (b) the day prior to the Issuer's annual meeting of stockholders to be held in 2017.
Documents
Issuer
ASPEN AEROGELS INC
CIK 0001145986
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001145986
Filing Metadata
- Form type
- 4
- Filed
- Jun 27, 8:00 PM ET
- Accepted
- Jun 28, 5:45 PM ET
- Size
- 22.2 KB