Gutierrez Mauricio Form 4 NRG ENERGY / Mauricio Gutierrez ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Gutierrez Mauricio

(Last)

(First)

(Middle)

NRG ENERGY, INC.

804 CARNEGIE CENTER

(Street)

PRINCETON

08540

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NRG ENERGY, INC. [ NRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President & Chief Exec Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2012

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value, $.01 per share	08/15/2012		P⁽¹⁾		29	A	$20.92	316,371	D
Common Stock, par value, $.01 per share	08/31/2012		P⁽¹⁾		39	A	$20.72	316,410	D
Common Stock, par value, $.01 per share	11/15/2012		P⁽¹⁾		30	A	$19.7	316,440	D
Common Stock, par value, $.01 per share	11/15/2012		P⁽¹⁾		42	A	$19.55	316,482	D
Common Stock, par value, $.01 per share	02/15/2013		P⁽¹⁾		45	A	$24.02	316,527	D
Common Stock, par value, $.01 per share	02/15/2013		P⁽¹⁾		34	A	$24.13	316,561	D
Common Stock, par value, $.01 per share	05/15/2013		P⁽¹⁾		40	A	$27.55	316,601	D
Common Stock, par value, $.01 per share	05/15/2013		P⁽¹⁾		52	A	$27.82	316,653	D
Common Stock, par value, $.01 per share	08/15/2013		P⁽¹⁾		55	A	$26.27	316,708	D
Common Stock, par value, $.01 per share	08/15/2013		P⁽¹⁾		43	A	$25.92	316,751	D
Common Stock, par value, $.01 per share	11/15/2013		P⁽¹⁾		54	A	$26.98	316,805	D
Common Stock, par value, $.01 per share	11/15/2013		P⁽¹⁾		41	A	$27.11	316,846	D
Common Stock, par value, $.01 per share	02/14/2014		P⁽¹⁾		40	A	$28.51	316,886	D
Common Stock, par value, $.01 per share	02/18/2014		P⁽¹⁾		153	A	$28.88	317,039	D
Common Stock, par value, $.01 per share	05/15/2014		P⁽¹⁾		40	A	$33.89	317,079	D
Common Stock, par value, $.01 per share	05/15/2014		P⁽¹⁾		154	A	$33.58	317,233	D
Common Stock, par value, $.01 per share	11/18/2014		P⁽¹⁾		122	A	$31.91	317,355	D
Common Stock, par value, $.01 per share	02/18/2015		P⁽¹⁾		381	A	$25.6091	317,736	D
Common Stock, par value, $.01 per share	05/18/2015		P⁽¹⁾		380	A	$25.8765	318,116	D
Common Stock, par value, $.01 per share	08/18/2015		P⁽¹⁾		471	A	$20.9876	318,587	D
Common Stock, par value, $.01 per share	11/17/2015		P⁽¹⁾		796	A	$12.5054	319,383	D
Common Stock, par value, $.01 per share	02/17/2016		P⁽¹⁾		993	A	$10.1407	320,376	D
Common Stock, par value, $.01 per share	05/17/2016		P⁽¹⁾		132	A	$15.831	320,508	D
Common Stock, par value, $.01 per share	08/16/2016		P⁽¹⁾		166	A	$12.6894	320,674	D
Common Stock, par value, $.01 per share	01/02/2017		F		5,813	D	⁽²⁾	313,608⁽³⁾⁽⁴⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Market Stock Units	⁽⁵⁾	01/02/2017		M			26,263	01/02/2017	01/02/2017	Common Stock, par value, $.01 per share	52,526	$0	0	D

Explanation of Responses:

1. All the purchases were pursuant to dividend reinvestment feature in a brokerage account that has been suspended.

2. On January 2, 2014, Mr. Gutierrez was issued 14,415 Restricted Stock Units ("RSUs") by NRG Energy, Inc. under NRG's Long Term Incentive Plan ("LTIP"). Each RSU is equivalent in value to one share of NRG's Common Stock, par value $.01. On January 2, 2017, 14,415 shares vested. Mr. Gutierrez elected to satisfy his tax obligation upon the exchange of common stock for RSUs having a value on the date of the exchange equal to the withholding obligation. This form is being filed to reflect the surrender of 5,813 shares of common stock to satisfy the grantee's tax withholding obligation.

3. Reflects a reduction of 1,818 dividend equivalent rights ("DERs") that were forfeited upon the vesting of the Market Stock Units described in Table II. In addition, 997 DERs converted in NRG common stock in connection with the vesting of the RSUs described above. Following these transactions, the reporting person holds 10,718 DERs in the aggregate. Dividend equivalent rights accrue on the reporting person's restricted stock units or market stock units, which become exercisable proportionately with the restricted stock units or market stock units to which they relate and may only be settled in NRG common stock. Each dividend equivalent right is the economic equivalent of one share of NRG common stock. Reflects a de minimus adjustment to the number of shares of NRG common stock by 26 shares as a result of rounding fractional shares acquired dividend reinvestment feature in a brokerage account that has been suspended.

4. Includes 539 shares acquired under NRG Energy, Inc.'s Employee Stock Purchase Plan since the Reporting Person's last filing.

5. Mr. Gutierrez was issued 26,263 Market Stock Units ("MSUs") by NRG under the LTIP on January 2, 2014 that vested on January 2, 2017. On the vesting date, he was entitled to receive a maximum of 52,526 shares of Common Stock if the Company has achieved a 100% increase in total shareholder return since the grant date (the "Maximum"); 26,263 shares of Common Stock if there is no change in total shareholder return since the grant date (the "Target"), or 19,697 shares of Common Stock if there is a 25% decrease in total shareholder return since the grant date (the "Threshold"). The number of shares of Common Stock that Mr. Gutierrez may receive is interpolated for total shareholder return falling between Threshold, Target, and Maximum levels. On January 2, 2017, Mr. Gutierrez did not receive any shares.

	/s/ Brian Curci, by Power of Attorney	01/04/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Gutierrez Mauricio Form 4NRG ENERGY / Mauricio Gutierrez ownership change