0001104659-23-066655.txt : 20230531
0001104659-23-066655.hdr.sgml : 20230531
20230531164544
ACCESSION NUMBER: 0001104659-23-066655
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230518
FILED AS OF DATE: 20230531
DATE AS OF CHANGE: 20230531
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Conway Gerard L JR
CENTRAL INDEX KEY: 0001308706
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34392
FILM NUMBER: 23981666
MAIL ADDRESS:
STREET 1: 968 ALBANY-SHAKER ROAD
CITY: LATHAM
STATE: NY
ZIP: 12110
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PLUG POWER INC
CENTRAL INDEX KEY: 0001093691
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620]
IRS NUMBER: 223672377
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 968 ALBANY-SHAKER ROAD
CITY: LATHAM
STATE: NY
ZIP: 12110
BUSINESS PHONE: 5187827700
MAIL ADDRESS:
STREET 1: 968 ALBANY-SHAKER ROAD
CITY: LATHAM
STATE: NY
ZIP: 12110
4
1
tm2317471-5_4seq1.xml
OWNERSHIP DOCUMENT
X0407
4
2023-05-18
0
0001093691
PLUG POWER INC
PLUG
0001308706
Conway Gerard L JR
C/O PLUG POWER INC.
968 ALBANY SHAKER ROAD
LATHAM
NY
12110
0
1
0
0
Gen. Coun, Corp Sec. & EVP
0
Performance Stock Option (Right to Buy)
7.87
2023-05-18
4
A
0
750000
0
A
2030-05-18
Common Stock
750000
750000
D
Awarded pursuant to Plug Power Inc.'s 2021 Stock Option and Incentive Plan, as amended.
Up to one-third (1/3) of the shares underlying the performance stock options will vest and become exercisable on each of the first three anniversaries of the grant date, provided that the daily volume weighted average price ("VWAP") of the Company's common stock during any 30 consecutive trading day period in the three year performance period following the grant date of the stock options equals or exceeds certain levels.
One-third (1/3) of the shares underlying the performance stock options will be deemed to have satisfied the performance-based vesting and will be eligible to vest over time if the VWAP during any 30 consecutive trading day period equals $9.84; an additional one-third (1/3) of the shares underlying the options will be deemed to have satisfied the performance-based vesting and will be eligible to vest over time if the VWAP during any 30 consecutive trading day period equals $11.81; and the remaining one-third (1/3) of the shares underlying the options will be deemed to have satisfied the performance-based vesting and will be eligible to vest over time if the VWAP during any 30 consecutive trading day period equals or exceeds $13.77.
There will be no interpolation for the performance stock option if the VWAP falls between any two stock price hurdles. Failure to achieve any of the stock price hurdles applicable to a performance stock option during the three-year performance period will result in applicable options being un-exercisable. The performance-based stock options have a maximum term of seven years from the grant date.
/s/ Gerard L. Conway, Jr.
2023-05-31