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Filing Details

Accession Number:: 0000916457-17-000174
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-12-18 07:27:00
Reporting Period:: 2017-12-13

Accepted Time:: 2017-12-18 07:27:00
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
916457	Calpine Corp	CPN	Electric Services (4911)	770212977

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1442784	Thaddeus W. Miller	Calpine Corporation 717 Texas Avenue, Suite 1000 Houston TX 77002	Evp, Clo And Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 Per Share	Disposition	2017-12-13	177,627	$15.12	157,381	No	4	S	Indirect	By December 2016 GRAT

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By December 2016 GRAT

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 Per Share	61,150	Direct
Common Stock, Par Value $0.001 Per Share	11,676	Indirect	By August 2016 GRAT
Common Stock, Par Value $0.001 Per Share	26,967	Indirect	By Trust
Common Stock, Par Value $0.001 Per Share	40,462	Indirect	By Trust
Common Stock, Par Value $0.001 Per Share	40,462	Indirect	By Trust

Footnotes

Represents open-market sale of shares of common stock of Calpine Corporation (the "Company") in connection with year-end tax-planning activities. The price reported in column 4 is a weighted average price. These shares were sold in multiple open-market transactions at prices ranging from $15.08 per share to $15.135 per share, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased sold at each separate price within the ranges set forth herein.
On December 15, 2016, 2,636 shares of Company common stock were automatically transferred to the Reporting Person's direct ownership account in satisfaction of the annuity payment obligations pursuant to the terms of the November 2014 GRAT and 10,123 shares of Company common stock were automatically transferred to the Reporting Person's direct ownership account in satisfaction of the annuity payment obligations pursuant to the terms of the November 2015 GRAT; the November 2014 GRAT terminated pursuant to its terms. The Reporting Person was the sole recipient of the annuity payments made by the November 2014 GRAT and served as the trustee of the GRAT. On December 29, 2016, the Reporting Person contributed 335,008 shares from his direct ownership account to fund a new GRAT (December 2016 GRAT).
On August 22, 2016, 5,808 shares of Company common stock were automatically transferred to the Reporting Person's direct ownership account in satisfaction of the annuity payment obligations pursuant to the terms of the May 2014 GRAT and 12,969 shares of Company common stock were automatically transferred to the Reporting Person's direct ownership account in satisfaction of the annuity payment obligations pursuant to the terms of the June 2015 GRAT; the May 2014 GRAT terminated pursuant to its terms. The Reporting Person was the sole recipient of the annuity payments made by the November 2014 GRAT and served as the trustee of the GRAT. On August 22, 2016, the Reporting Person contributed 18,777 shares from his direct ownership account to fund a new GRAT (August 2016 GRAT).
On June 30, 2017, 4,376 shares of Company common stock were automatically transferred to the Reporting Person's direct ownership account in satisfaction of the annuity payment obligations pursuant to the terms of the June 2015 GRAT; the June 2015 GRAT terminated pursuant to its terms. Reporting Person was the sole recipient of the annuity payments made by the June 2015 GRAT and served as the trustee ofthe GRAT.
On November 21, 2017, 7,101 shares of Company common stock were automatically transferred to the Reporting Person's direct ownership account in satisfaction of the annuity payment obligations pursuant to the terms of the August 2016 GRAT. The Reporting Person is the sole recipient of the annuity payments made by the August 2016 GRAT and serves as the trustee; 6,974 shares of Company common stock were automatically transferred to the Reporting Person's direct ownership account in satisfaction of the annuity payment obligations pursuant to the terms of the November 2015 GRAT and the GRAT terminated pursuant to its terms. The Reporting Person was the sole recipient of the annuity payments made by the November 2015 GRAT and served as the trustee of the GRAT.