Statement of Changes in Beneficial Ownership (4)
22 Juli 2021 - 10:01PM
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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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
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Strategy Officer |
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(Last)
(First)
(Middle)
C/O PLUG POWER INC.,, 968 ALBANY-SHAKER ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/9/2021 |
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(Street)
LATHAM, NY 12110
(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
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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)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 5/9/2021 | | M | | 50000 | A | (1) | 275000 | D | |
| Common Stock | 7/13/2021 | | S(2) | | 5700 | D | $28.4325 (3) | 269300 | D | |
| Common Stock | 7/15/2021 | | F | | 14154 (4) | D | $23.05 | 255146 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
| Restricted Stock Unit | (1) | 5/9/2021 | | M | | | 50000 | (5) | (5) | Common Stock | 50000 | $0 | 50000 | D | |
| Explanation of Responses: |
| (1) | Each restricted stock unit is the equivalent of one share of Plug Power Inc. common stock. |
| (2) | Shares sold pursuant to a pre-established 10b5-1 trading plan effective as of June 9, 2020. |
| (3) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.19 to $28.70, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. |
| (4) | Tendered to Issuer to satisfy tax withholding obligations of Reporting Person in connection with the Reporting Person's restricted stock unit award. |
| (5) | On May 9, 2019, the Reporting Person was granted 150,000 restricted stock units, vesting in three substantially equal installments beginning on the first anniversary of the grant date. Each restricted stock unit is the equivalent of one share of Plug Power Inc. common stock. |
Reporting Owners
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| 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 |
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| Chief Strategy Officer |
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Signatures
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| /s/ Gerard L. Conway, Jr., Attorney-in-Fact | | 7/22/2021 |
| **Signature of Reporting Person | Date |
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