Statement of Changes in Beneficial Ownership (4)
November 27 2020 - 08:35AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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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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1. Name
and Address of Reporting Person * Lisowski
Michael |
2. Issuer Name and Ticker or Trading
Symbol FUELCELL ENERGY INC [ FCEL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
EVP & Chief Operating Officer |
(Last)
(First)
(Middle)
C/O FUELCELL ENERGY, INC., 3 GREAT PASTURE ROAD |
3. Date of Earliest Transaction (MM/DD/YYYY)
11/24/2020
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(Street)
DANBURY, CT 06810
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. 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 |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. 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 |
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 of Derivative Security: 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 Restricted Stock
Unit |
$0 (1) |
11/24/2020 |
|
A |
|
28829 |
|
(2) |
(2) |
Common Stock |
28829 |
$0 |
28829 |
D |
|
Employee Performance Share
Unit |
$0 |
11/24/2020 |
|
A |
|
26769 |
|
(3) |
(3) |
Common Stock |
26769 |
$0 |
26769 |
D |
|
Employee Performance Share
Unit |
$0 |
11/24/2020 |
|
A |
|
26769 |
|
(4) |
(4) |
Common Stock |
26769 |
$0 |
26769 |
D |
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Explanation of
Responses: |
(1) |
Each Restricted Stock Unit
represents a contingent right to receive one share of common stock
upon vesting of the Restricted Stock Unit. |
(2) |
On November 24, 2020, the
reporting person was granted restricted stock units, which vest 1/3
on each of the first, second and third anniversaries of the date of
grant, subject to continued employment. |
(3) |
On November 24, 2020, the
reporting person was granted performance shares which will be
earned based on performance over the three-year performance period
ending October 31, 2023, subject to continued employment until the
third anniversary of the grant date. The performance goal is the
TSR of the Company relative to the TSR of the Russell 2000 during
the performance period. The maximum number of performance shares
that can be earned based on performance is two times the target
number reported in the table above. |
(4) |
On November 24, 2020, the
reporting person was granted performance shares which will be
earned based on performance over the three-year performance period
ending October 31, 2023, subject to continued employment until the
third anniversary of the grant date. The performance goal is an
increase in the Company's stock price during the performance
period. The maximum number of performance shares that can be earned
based on performance is two times the target number reported in the
table above. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Lisowski Michael
C/O FUELCELL ENERGY, INC.
3 GREAT PASTURE ROAD
DANBURY, CT 06810 |
|
|
EVP & Chief Operating Officer |
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Signatures
|
/s/ Jacqueline Perez-Ares, As Power of
Attorney |
|
11/27/2020 |
**Signature of
Reporting Person |
Date |