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Insider Stock Ownership
The following table sets forth, as of March 1, 2007, certain information concerning the beneficial ownership of the Common Stock by (i) each person known by the Corporation to own beneficially five percent (5%) or more of the outstanding shares of the Common Stock; (ii) each of the Corporation's executive officers and directors and (iii) all executive officers and directors as a group.
The number of shares beneficially owned by each 5% stockholder, director or executive officer is determined under rules of the SEC, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares as to which the individual or entity has sole or shared voting power or investment power and also any shares which the individual or entity has the right to acquire within 60 days after March 1, 2007 through the exercise of any stock option, warrant or other right. Unless otherwise indicated, each person or entity has sole investment and voting power (or shares such power with his spouse) with respect to the shares set forth in the following table. The inclusion herein of any shares deemed beneficially owned does not constitute an admission of beneficial ownership of those shares.
| Name and Address of Beneficial Owner(1) |
Number of Shares Beneficially Owned(4) |
Percentage of Common Stock Beneficially Owned(2) |
| David B. Eisenhaure |
3,351,729 |
8.4% |
| David E. O'Neil |
143,277 |
* |
| Daniel E. Gladkowski |
138,273 |
* |
| Gary G. Brandt(3) |
147,910 |
* |
| William J. O'Donnell |
195,411 |
* |
| Jack Worthen |
85,473 |
* |
| Clemens van Zeyl |
50,000 |
* |
| Marshal J. Armstrong |
130,000 |
* |
| John M. Carroll |
95,000 |
* |
| Daniel R. Dwight |
27,000 |
* |
| James L. Kirtley, Jr. |
169,137 |
* |
| Joseph E. Levangie |
67,000 |
* |
| Andrew R. Muir |
286,211(5) |
* |
| All executive officers and directors as a group (twelve persons) |
4,886,421 |
12.2% |
(1) The address for all executive officers and directors is c/o SatCon Technology Corporation, 27 Drydock Avenue, Boston, Massachusetts, 02210.
(2) For each person and group included in this table, percentage ownership is calculated by dividing the number of shares beneficially owned by such person or group by the sum of 40,105,073 shares of common stock outstanding as of March 1, 2007, plus the number of shares of common stock that such person or group had the right to acquire within 60 days after March 1, 2007.
(3) Mr. Brandt ceased employment with the Corporation in February 2007.
(4) Includes the following number of shares of Common Stock issuable upon the exercise of outstanding stock options which were exercisable within 60 days after March 1, 2007 are as follows:
| Directors and Named Officers |
Vested Options |
| Mr. Eisenhaure: |
418,500 |
| Mr. O'Neil: |
112,500 |
| Dr. Gladkowski: |
112,500 |
| Mr. Brandt: |
62,500 |
| Mr. O'Donnell: |
172,500 |
| Mr. Worthen: |
75,000 |
| Mr. van Zeyl: |
50,000 |
| Mr. Armstrong: |
130,000 |
| Mr. Carroll: |
95,000 |
| Mr. Dwight: |
27,000 |
| Dr. Kirtley: |
163,300 |
| Mr. Levangie: |
67,000 |
| Dr. Muir: |
59,000 |
| All executive officers and directors as a group: |
1,544,800 |
(5) Includes 12,000 shares of Common Stock issuable upon the exercise of Series B warrants and 36,308 shares of Common Stock issuable upon the conversion of redeemable convertible Series B preferred stock.
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