0001209191-21-044570.txt : 20210701
0001209191-21-044570.hdr.sgml : 20210701
20210701184335
ACCESSION NUMBER: 0001209191-21-044570
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210629
FILED AS OF DATE: 20210701
DATE AS OF CHANGE: 20210701
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Young Donald R
CENTRAL INDEX KEY: 0001610257
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36481
FILM NUMBER: 211067437
MAIL ADDRESS:
STREET 1: C/O ASPEN AEROGELS, INC.
STREET 2: 30 FORBES ROAD, BUILDING B
CITY: NORTHBOROUGH
STATE: MA
ZIP: 01532
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ASPEN AEROGELS INC
CENTRAL INDEX KEY: 0001145986
STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS [5030]
IRS NUMBER: 043559972
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 30 FORBES ROAD
STREET 2: BUILDING B
CITY: NORTHBOROUGH
STATE: MA
ZIP: 01532
BUSINESS PHONE: 5086911111
MAIL ADDRESS:
STREET 1: 30 FORBES ROAD
STREET 2: BUILDING B
CITY: NORTHBOROUGH
STATE: MA
ZIP: 01532
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-06-29
0
0001145986
ASPEN AEROGELS INC
ASPN
0001610257
Young Donald R
C/O ASPEN AEROGELS, INC.
30 FORBES ROAD, BUILDING B
NORTHBOROUGH
MA
01532
1
1
0
0
President and CEO
Common Stock
2021-06-29
4
A
0
461616
0.00
A
730011
D
The reporting person was granted restricted shares of common stock (the "Award") pursuant to a Performance-Based Restricted Stock Agreement by and between Aspen Aerogels, Inc. and the reporting person subject to the 2014 Employee, Director and Consultant Equity Incentive Plan. In order for a tranche of this Award to vest, both time and performance vesting conditions must be satisfied. For the time vesting condition, a tranche will vest at the later of (i) three years from the grant date or (ii) one year from the date when an applicable performance hurdle is achieved, subject to a maximum five-year vesting period for shares with respect to which the performance hurdle has been achieved. With respect to the performance vesting condition, there are three tranches with different share price hurdles and a five-year total performance period. If a share price hurdle is not met after five years, the applicable tranche is forfeited.
(cont.) The share price hurdle is met by reference to a 30-day volume weighted average price (VWAP) that is maintained for 60 days (the "Share Price Hurdle"). The first tranche consists of 34% of the restricted shares of common stock granted under the Award, with the Share Price Hurdle equal to $43.33. The second tranche consists of 33% of the restricted shares of common stock granted under the Award, with the Share Price Hurdle equal to $64.99. The third tranche consists of 33% of the restricted shares of common stock granted under the Award, with the Share Price Hurdle equal to $86.65.
Represents 191,190 shares of common stock, 54,324 restricted stock units and 461,616 shares of restricted stock.
/s/ Poongunran Muthukumaran, Attorney-in-Fact
2021-07-01