FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
PLUG POWER INC [ PLUG ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/10/2004 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Plug Power Inc. Common Stock(8) | 02/10/2004 | A | 4,967 | A | $0 | 18,967(1) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option | $1 | 12/31/1997 | A | 2,000 | (2) | 12/31/2007 | Common Stock | 2,000 | $1 | 2,000 | D | ||||
Employee Stock Option | $5 | 10/18/1998 | A | 3,000 | (3) | 10/18/2008 | Common Stock | 3,000 | $5 | 5,000 | D | ||||
Employee Stock Option | $5 | 01/18/1999 | A | 4,563 | (4) | 01/18/2009 | Common Stock | 4,563 | $5 | 9,563 | D | ||||
Employee Stock Option(5) | $11 | 06/20/2003 | D | 14,000 | (5) | 07/26/2009 | Common Stock | 14,000 | $11 | 9,563 | D | ||||
Employee Stock Option(5) | $83.5 | 06/20/2003 | D | 18,000 | (5) | 01/28/2010 | Common Stock | 18,000 | $83.5 | 9,563 | D | ||||
Employee Stock Option(5) | $17.94 | 06/20/2003 | D | 10,000 | (5) | 01/11/2011 | Common Stock | 10,000 | $17.94 | 9,563 | D | ||||
Employee Stock Option | $8.53 | 11/14/2001 | A | 23,916 | (6) | 11/14/2011 | Common Stock | 23,916 | $8.53 | 33,479 | D | ||||
Employee Stock Option | $9.2 | 02/10/2004 | A | 18,500 | (7) | 02/10/2014 | Common Stock | 18,500 | $9.2 | 51,979 | D |
Explanation of Responses: |
1. Includes 14,000 restricted shares of Plug Power common stock (the "Shares") pursuant to Plug Power Inc.'s (the "Company") offer to exchange (the "Offer") in accordance with Rule 13e-4 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Offer commenced on May 22, 2003 and expired on June 20, 2003. The Shares vest in three equal installments 21 months, 24 months and 27 months after June 20, 2003. Prior to vesting, the Shares are subject to forfeiture in the event that Mr. Neumann's employment with the Company is terminated. |
2. Consists of options to acquire common stock granted on December 31, 1997, all of which are exercisable. |
3. Consists of options to acquire common stock granted on October 18, 1998, all of which are exercisable |
4. Consists of options to acquire common stock granted on January 18, 1999, all of which are exercisable. |
5. Cancellation of stock options pursuant to the Offer in accordance with Rule 13e-4 promulgated under the Exchange Act. |
6. The stock options vest as follows: 8,618 shares became exercisable on November 14, 2001; 8,618 shares became exercisable on November 14, 2003; 8,680 shares become exercisable on November 14, 2004. |
7. The stock options vest as follows: 6,166 shares become exercisable on August 10, 2004; 6,166 shares become exercisable on February 10, 2005; 6,167 shares become exercisable on August 10, 2005. |
8. The grant of restricted stock vests as follows: 1,655 shares vest on August 10, 2004; 1,656 shares vest on February 10, 2005; 1,656 shares vest on August 10, 2005. Prior to vesting, the shares are subject to forfeiture in the event that Mr. Neumann's employment with The Company is terminated. |
/s/ David A. Neumann | 02/12/2004 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |