Statement of Changes in Beneficial Ownership (4)
December 02 2022 - 06:46PM
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).
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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 * Shrestha
Sanjay K |
2. Issuer Name and Ticker or Trading
Symbol PLUG POWER INC [ PLUG ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
CSO & GM, Energy Solutions |
(Last)
(First)
(Middle)
C/O PLUG POWER INC., 968 ALBANY SHAKER ROAD |
3. Date of Earliest Transaction (MM/DD/YYYY)
5/9/2022
|
(Street)
LATHAM, NY 12110
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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 |
Common Stock |
5/9/2022 |
|
F(1)(2) |
|
20000 |
D |
$19.41 (3) |
243146 (4) |
D |
|
Common Stock |
9/28/2022 |
|
F(1) |
|
45113 |
D |
$21.85 (5) |
198033 |
D |
|
Common Stock |
|
|
|
|
|
|
|
6485 |
I |
401(k) Plan (6) |
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 |
Explanation of
Responses: |
(1) |
Tendered to Issuer to
satisfy tax withholding obligations of the Reporting Person
incurred in connection with the vesting of the Reporting Person's
restricted stock award. |
(2) |
The initial grant of the
restricted stock award was reported on a Form 4 filed on August 21,
2019, but was inadvertently disclosed as a restricted stock unit
award instead of a restricted stock award. |
(3) |
Pursuant to the Plug Power
Inc. Third Amended and Restated 2011 Stock Option and Incentive
Plan, each share was tendered to Issuer at the price per share on
the closing date of May 6, 2022, which is the date prior to the
date withholding was effected. |
(4) |
The total Amount of
Securities Beneficially Owned in Table I, Column 5 reflects the
addition of 50,000 shares of the restricted stock award that was
previously inadvertently reported on Table II as part of a grant of
150,000 restricted stock units on the Form 4 filed on May 13,
2019. |
(5) |
Pursuant to the Plug Power
Inc. Third Amended and Restated 2011 Stock Option and Incentive
Plan, each share was tendered to Issuer at the price per share on
the closing date of September 27, 2022, which is the date prior to
the date withholding was effected. |
(6) |
The Reporting Person holds
6,485 shares of common stock in Plug Power Inc.'s 401(k) plan. The
information in this report is based on a plan statement as of
November 14, 2022. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Shrestha Sanjay K
C/O PLUG POWER INC.
968 ALBANY SHAKER ROAD
LATHAM, NY 12110 |
|
|
CSO & GM, Energy Solutions |
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Signatures
|
/s/ Gerard L. Conway, Jr.,
Attorney-in-Fact |
|
12/2/2022 |
**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 control number. |
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