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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Non-Qualified Stock Options | $ 42.67 | 05/01/2008 | A | 40,000 | 05/01/2009(3) | 05/01/2014(4) | Common Stock, par value $.01 per share | 40,000 | $ 0 | 40,000 | D | ||||
Performance Units | (5) | 05/01/2008 | A | 15,400 | 05/01/2011 | 05/01/2011 | Common Stock, par value $.01 per share | 15,400 | $ 0 | 15,400 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Baliff Jonathan NRG ENERGY, INC. 211 CARNEGIE CENTER PRINCETON, NJ 08540 |
Executive VP, Strategy |
/s/Jonathan Baliff | 05/02/2008 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Represents Restricted Stock Units issued to Mr. Baliff by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan. |
(2) | Each Restricted Stock Unit is equivalent in value to one share of NRG Energy, Inc.'s Common Stock, par value $0.01. Mr. Baliff will receive from NRG Energy, Inc. one such share of Common Stock for each Restricted Stock Unit on May 1, 2011. |
(3) | Pursuant to the Grant Agreement by and between NRG Energy, Inc. and Mr. Baliff, the Stock Option will vest and become exercisable as follows: 33 1/3% on May 1, 2009, 33 1/3% on May 1, 2010 and 33 1/3% on May 1, 2011. |
(4) | Stock Options expire six years from the date of grant. |
(5) | Mr. Baliff was issued 7,700 Performance Units by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan on May 1, 2008. Each Performance Unit will be paid out on May 1, 2011 if the average closing price of NRG Energy, Inc.'s Common Stock for the ten trading days prior to May 1, 2011(the "Measurement Price") is equal to or greater than $59.95 (the "Target Price"). The payout for each Performance Unit will be equal to: (i) one share of Common Stock, if the Measurement Price equals the Target Price; (ii) a prorated amount in between one and two shares of Common Stock, if the Measurement Price is greater than the Target Price but less than $70.11 (the "Maximum Price"); and (iii) two shares of Common Stock, if the Measurement Price is equal to or greater than the Maximum Price. |