Name of Selling Shareholder | Number of Shares Beneficially Owned Before Offering (1) | Percent of Common Stock Owned Before Offering (1) | Number of Shares Being Offered Hereby | Number of Shares Owned After Offering (25) | Percent of Common Stock Owned After Offering (25) | ||||||||||||
Benjamin M. Locke CEO and Director | 592,718 (2) | 2.4 | 806,800 (13) | 5,918 | * | ||||||||||||
Robert Panora President | 112,723 (3) | * | 265,223 (14) | * | |||||||||||||
Abinand Rangesh CFO and Director | 41,000 (4) | * | 130,000 (15) | * | |||||||||||||
John K. Whiting, IV General Counsel and Secretary | 198,136 (5) | * | 362,500 (16) | 636 | * | ||||||||||||
John N. Hatsopoulos Lead Director | 328,148 (6) | 1.3 | 12,723 (17) | 315,250 | 1.3 | ||||||||||||
Angelina M. Galiteva Chairperson | 105,000 (7) | * | 125,000 (18) | 50,000 (24) | * | ||||||||||||
Ahmed Ghoniem Director | 67,723 (8) | * | 137,723 (19) | __ (24) | __ | ||||||||||||
Earl R. Lewis, III Director | 470,000 (9) | 1.9 | 125,000 (20) | 415,000 (24) | 1.7 | ||||||||||||
Fred Holubow Director | 55,000 (10) | * | 125,000 (21) | __ | |||||||||||||
Ralph Jenkins Director | 50,000 (11) | * | 100,000 (22) | ||||||||||||||
Ann M. Pacheco | 3,706,464 (12) | 14.9 | 13,840 (23) | 3,699,624 | 14.9 |
* | Less than 1% | ||||
(1) | Beneficial ownership is determined in accordance with Rule 13d-3 under the Securities Exchange Act and is generally determined by voting power and/or investment power with respect to securities. Unless otherwise noted, all shares of common stock listed above are owned of record by each individual named as beneficial owner and such individual has sole voting and dispositive power with respect to the shares of common stock owned by each of them. Such person or entity’s percentage of ownership is determined by assuming that any options or convertible securities held by such person which are exercisable within 60 days from the date hereof have been exercised or converted. Except as otherwise indicated, the address of each Selling shareholder is c/o Tecogen Inc., 45 First Avenue, Waltham, Massachusetts 02451. | ||||
(2) | Includes: (a) 5,918 shares held directly; and (b) 586,800 shares underlying currently exercisable options. Does not include 220,000 shares underlying options that are not currently exercisable. | ||||
(3) | Represents 112,723 shares underlying options that are currently exercisable. Does not include 152,500 shares underlying options that are not currently exercisable. | ||||
(4) | Includes (a) 6,000 shares held directly; and (b) 35,000 shares underlying currently exercisable options. Does not include 95,000 shares underlying options that are not currently exercisable. | ||||
(5) | Includes: (a) 636 shares held directly; and (b) 197,500 shares underlying currently exercisable options. Does not include 165,000 shares underlying options that are not currently exercisable. | ||||
(6) | Includes (a) 155,351 shares of common stock held directly; (b) 84,512 shares held jointly by Mr. Hatsopoulos with Mrs. Hatsopoulos; (c) 44,012 shares held by Pat Ltd., a joint account maintained by Mr. and Mrs. Hatsopoulos; (d) 28,225 shares held by Mrs. Hatsopoulos; (e) 3,325 shares held in an individual retirement account by Mrs. Hatsopoulos; and (f) 12,723 shares underlying currently exercisable options granted pursuant to the 2006 Plan. Does not include the following shares with respect to which Mr. Hatsopoulos disclaims beneficial ownership: (1) shares held in The John N. Hatsopoulos 1989 Family Trust for the benefit of Nia Maria Hatsopoulos, of which Ann Marie Pacheco is the sole trustee; (2) shares held in the Nia M. Hatsopoulos Jephson 2011 Irrevocable Trust, of which Mrs. Pacheco is the sole trustee; and (3) shares held in The John N. Hatsopoulos Family Trust 2007, of which Mr. Yiannis Monovoukas is the sole trustee. | ||||
(7) | Includes: (a) 50,000 shares held directly; and (b) 55,000 shares underlying exercisable options. Does not include: (70,000 shares underlying options granted pursuant to the 2006 Plan that are not currently exercisable; and (2) 25,000 shares underlying options granted pursuant to the 2022 Stock Compensation Plan (2022 Plan") that are not currently exercisable. | ||||
(8) | Represents 67,723 shares underlying currently exercisable options. Does not include: (a) 70,000 shares underlying options granted pursuant to the 2006 Plan that are not currently exercisable; and (b) 25,000 shares underlying options granted pursuant to the 2022 Plan that are not currently exercisable. |
(9) | Includes: (a) 415,000 shares held directly; and (b) 55,000 shares underlying currently exercisable options. Does not include (1) 70,000 shares underlying options granted pursuant to the 2006 Plan that are not currently exercisable; and (2) 25,000 shares underlying options granted pursuant to the 2022 Plan that are not currently exercisable. | ||||
(10) | Represents shares underlying currently exercisable options granted pursuant to the 2006 Plan. Does not include (a) 70,000 shares underlying options granted pursuant to the 2006 Plan that are not currently exercisable; and (b) 25,000 shares underlying options granted pursuant to the 2022 Plan that are not currently exercisable. | ||||
(11) | Represents shares underlying currently exercisable options granted pursuant to the 2006 Plan. Does not include (a) 50,000 shares underlying options granted pursuant to the 2006 Plan that are not currently exercisable; and (b) 25,000 shares underlying option granted pursuant to the 2022 Plan that are not currently exercisable. | ||||
(12) | Includes: (a) 1,620,664 shares of common stock held for the benefit of Nia M. Hatsopoulos pursuant to The John N. Hatsopoulos 1989 Family Trust of which Mrs. Ann Marie Pacheco is the sole trustee, (b) 2,078,960 shares of common stock held by the Nia M. Hatsopoulos Jephson 2011 Irrevocable Trust, of which Ms Pacheco is the sole trustee; and (c) 6,840 shares underlying currently exercisable options. Does not include 7,000 shares underlying options that are not currently exercisable. The address of the holder is 45 First Ave., Waltham, MA 02451. Mrs. Pacheco provides administrative services for Mr. Hatsopoulos. Mr. Hatsopoulos disclaims beneficial ownership of all shares held by the trusts. | ||||
(13) | Includes: (a) 586,800 shares underlying options that are currently exercisable; and (b) 220,000 shares underlying options that are not currently exercisable. | ||||
(14) | Includes: (a) 112,723 shares underlying currently exercisable options; and (b) 152,500 shares underlying options that are not currently exercisable. | ||||
(15) | Includes: (a) 35,000 shares underlying currently exercisable options; and (b) 95,000 shares underlying options that are not currently exercisable. | ||||
(16) | Includes the following shares underlying options granted pursuant to the 2006 Plan: (a) 197,500 shares underlying currently exercisable options; (b) 165,000 shares underlying options that are not currently exercisable. | ||||
(17) | Represents shares underlying currently exercisable options. | ||||
(18) | Includes the following shares underlying options granted pursuant to the 2006 Plan: (a) 55,000 shares underlying options that are currently exercisable; and (b) 70,000 shares underlying options that are not currently exercisable. | ||||
(19) | Includes the following shares underlying options granted pursuant to the 2006 Plan: (a) 67,723 shares underlying options that are currently exercisable; and (b) 70,000 shares underlying options that are not currently exercisable. | ||||
(20) | Includes the following shares underlying options granted pursuant to the 2006 Plan: (a) 55,000 shares underlying currently exercisable options; and (b) 70,000 shares underlying options that are not currently exercisable. | ||||
(21) | Includes the following shares underlying options granted pursuant to the 2006 Plan: (a) 55,000 shares underlying currently exercisable options; and (b) 70,000 shares underlying options that are not currently exercisable. | ||||
(22) | Includes the following shares underlying options granted pursuant to the 2006 Plan: (a) 25,000 shares underlying currently exercisable options; and (b) 75,000 shares underlying options that are not currently exercisable. | ||||
(23) | Includes the following shares underlying options granted pursuant to the 2006 Plan: (a) 6,840 shares underlying options that are currently exercisable and (b) 7,000 shares underlying options that are not currently exercisable. | ||||
(24) | Does not include 25,000 shares underlying options granted pursuant to the 2022 Plan that are not currently exercisable. | ||||
(25) | "Number of Shares Owned After Offering" and "Percent of Common Stock Owned After Offering" assume the sale of all of the shares offereing by each Selling Shareholder under this reoffer prospectus but no other purchases or sales or our shares by the other Selling Shareholders. Based upon 24,850,261 shares of common stock issued and outstanding on June 30, 2022. |