News 
Market Data 
Discover
Replies to post #17346 on Plug Power Inc (PLUG)
12/08/14 4:55 PM
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) Equity awards granted to Chief Financial Officer of Plug Power Inc.
On November 10, 2014, Plug Power Inc. (the “Company”) announced that Paul B. Middleton had been appointed as the Chief Financial Officer of the Company, effective December 1, 2014. On December 1, 2014, the Company granted Mr. Middleton (1) an option award for the purchase of an aggregate of 250,000 shares of Common stock of the Company at an exercise price per share equal to the closing price of the Company’s common stock on the NASDAQ Capital Market on December 1, 2014 and (2) an award of 40,000 restricted stock units, each of which is the equivalent to one share of the Company’s common stock. Each of the awards has a ten year term and is subject to a three year vesting schedule, with one third of the shares vesting on each of the first, second and third anniversary of December 1, 2014. The Compensation Committee and the Board approved the awards on December 1, 2014. In connection with the awards, the Company and Mr. Middleton will enter into the Company’s customary form of Stock Option Award Agreement and Restricted Stock Award Agreement.
