FUELCELL ENERGY INC — Director's Dealing 2021

Apr 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FUELCELL ENERGY INC (FCEL)
CIK: 0000886128
Period of Report: 2021-04-08

Reporting Person: Groobey John Christopher (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-08	Common Stock	M	23810	—	Acquired	84979	Direct
2021-04-08	Common Stock	M	8993	—	Acquired	93972	Direct
2021-04-09	Common Stock	S	16000	$12.56	Disposed	77972	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-08	Director Restricted Stock Unit	$	M	23810	Disposed		Common Stock (23810)	Direct
2021-04-08	Director Restricted Stock Unit	$	M	8993	Disposed		Common Stock (8993)	Direct
2021-04-08	Director Restricted Stock Unit	$	A	5919	Acquired		Common Stock (5919)	Direct

Footnotes

F1: Restricted stock units were converted into common stock on a one-for-one basis.

F2: The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F3: On May 8, 2020, the reporting person was granted restricted stock units, which (i) vest on the date of the regularly scheduled annual meeting of the stockholders of the Company to be held in 2021, and (ii) are to be settled in cash or in shares of the Company's common stock, at the discretion of the Compensation Committee, as the administrator under the Plan.

F4: On August 24, 2020, the reporting person was granted restricted stock units, which (i) vest on the date of the regularly scheduled annual meeting of the stockholders of the Company to be held in 2021, and (ii) are to be settled in cash or in shares of the Company's common stock, at the discretion of the Compensation Committee, as the administrator under the Plan.

F5: Each restricted stock unit represents a contingent right to receive one share of common stock or, at the election of the Compensation Committee, the cash value thereof.

F6: These RSUs (i) vest on the date of the regularly scheduled annual meeting of the stockholders of the Company to be held in 2022, and (ii) are to be settled in cash or in shares of the Company's common stock, at the discretion of the Compensation Committee, as the administrator under the Plan.