United states

Michael L. DeRosa			9,503,611	(10)			28.0	%			1,004,250				1,154,888				8,499,361				25.1	%			8,348,723				24.6	%
Steven G. Fishbach			4,546	(11)			*				—				—				4,546				*				4,546				*
Mark R. McFeely			4,546	(12)			*				—				—				4,546				*				4,546				*
All current directors and executive officers as a group (12 persons)			24,988,981	(13)			73.7	%			4,500,000				5,175,000				20,488,981				60.4	%			19,813,981				58.4	%
5% Stockholders
Investment funds and entities affiliated with:
Element Partners			9,503,611	(14)			28.0	%			1,004,250				1,154,888				8,499,361				25.1	%			8,348,723				24.6	%
Landmark Partners			6,096,030	(15)			18.0	%			1,104,250				1,269,887				4,991,780				14.7	%			4,826,143				14.2	%
Angeleno Investors II, L.P.			5,144,239	(16)			15.2	%			1,054,250				1,212,388				4,089,989				12.1	%			3,931,851				11.6	%
NGP Energy Technology Partners, L.P.			3,800,316	(17)			11.2	%			1,204,250				1,384,887				2,596,066				7.7	%			2,415,429				7.1	%
GE Ventures Limited			2,843,664	(18)			8.4	%			—				—				2,843,664				8.4	%			2,843,664				8.4	%

 

 

*	Less than one percent (1%).

 

(1)

Consists of 290,894 shares of common stock. Mr. Lockard also holds stock options to purchase 828,720 shares of our common stock at an exercise price of $10.87 per share and restricted stock units with respect to 276,480 shares of our common stock. These awards are not exercisable within 60 days of March 31, 2017. See “Executive Compensation—Outstanding Equity Awards at Fiscal Year-End Table.”

 

(2)

Consists of 109,410 shares of common stock. Mr. Monie also holds stock options to purchase 307,800 shares of our common stock at an exercise price of $10.87 per share and restricted stock units with respect to 102,600 shares of our common stock. These awards are not exercisable within 60 days of March 31, 2017. See “Executive Compensation—Outstanding Equity Awards at Fiscal Year-End Table.”

 

(3)	Consists of 9,091 shares of common stock.

 

(4)

Consists of (a)(i) 4,080,572 shares of common stock and (ii) a warrant to purchase 48,904 shares of common stock held by Landmark Growth Capital Partners, L.P. and (b)(i) 1,943,267 shares of common stock and (ii) a warrant to purchase 23,287 shares of common stock held by Landmark IAM Growth Capital, L.P. Paul G. Giovacchini serves as an advisor to Landmark Equity Advisors, LLC and may be deemed to share voting and investment power with respect to all shares held by Landmark Partners. The address for Landmark Partners is 10 Mill Pond Lane, Simsbury, Connecticut 06070.

 

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(5)	Consists of an option to purchase 6,331 shares of common stock.

 

(6)	Consists of 13,636 shares of common stock.

 

(7)

Consists of 3,800,316 shares of common stock held by NGP Energy Technology Partners, L.P. NGP ETP, L.L.C. is the general partner of NGP Energy Technology Partners, L.P. Energy Technology Partners, L.L.C. is the manager of NGP ETP, L.L.C. Philip J. Deutch serves as the manager of Energy Technology Partners, L.L.C. and may be deemed to share voting and investment power with respect to all shares held by NGP Energy Technology Partners, L.P. The address for NGP Energy Technology Partners, L.P. is 1700 K Street NW, Suite 750, Washington, District of Columbia 20006.

 

(8)

Consists of 5,128,197 shares of common stock and a warrant to purchase 16,042 shares of common stock held by Angeleno Investors II, L.P. Daniel G. Weiss is a co-founder and managing partner of Angeleno Group and may be deemed to share voting and investment power with respect to all shares held by Angeleno Investors II, L.P. The address for Angeleno Investors II, L.P. is 2029 Century Park East, Suite 2980, Los Angeles, California 90067.

 

(9)	Consists of an option to purchase 6,331 shares of common stock.

 

(10)

Consists of (a)(i) 9,289,957 shares of common stock and (ii) a warrant to purchase 71,109 shares of common stock held by Element Partners II, L.P. and (b)(i) 141,463 shares of common stock and (ii) a warrant to purchase 1,082 shares of common stock held by Element Partners II Intrafund, L.P. Michael L. DeRosa is a managing director of Element Partners and may be deemed to share voting and investment power with respect to all shares held by Element Partners. The address for Element Partners is 565 E Swedesford Road, Suite 207, Wayne, Pennsylvania 19087.

 

(11)	Consists of 4,546 shares of common stock.

 

(12)	Consists of 4,546 shares of common stock.

 

(13)	Consist of (i) 24,815,895 shares of common stock held by our current directors and executive officers, (ii) warrants to purchase 160,424 shares of common stock and (iii) 12,662 shares issuable pursuant to outstanding stock options which are exercisable within 60 days of March 31, 2017.

 

(14)

Consists of (a)(i) 9,289,957 shares of common stock and (ii) a warrant to purchase 71,109 shares of common stock held by Element Partners II, L.P. and (b)(i) 141,463 shares of common stock and (ii) a warrant to purchase 1,082 shares of common stock held by Element Partners II Intrafund, L.P. Michael L. DeRosa is a managing director of Element Partners and may be deemed to share voting and investment power with respect to all shares held by Element Partners. The address for Element Partners is 565 E Swedesford Road, Suite 207, Wayne, Pennsylvania 19087.

 

(15)

Consists of (a)(i) 4,080,572 shares of common stock and (ii) a warrant to purchase 48,904 shares of common stock held by Landmark Growth Capital Partners, L.P. and (b)(i) 1,943,267 shares of common stock and (ii) a warrant to purchase 23,287 shares of common stock held by Landmark IAM Growth Capital, L.P. Paul G. Giovacchini serves as an advisor to Landmark Equity Advisors, LLC and may be deemed to share voting and investment power with respect to all shares held by Landmark Partners. The address for Landmark Partners is 10 Mill Pond Lane, Simsbury, Connecticut 06070.

 

(16)

Consists of 5,128,197 shares of common stock and a warrant to purchase 16,042 shares of common stock held by Angeleno Investors II, L.P. Daniel G. Weiss is a co-founder and managing partner of Angeleno Group and may be deemed to share voting and investment power with respect to all shares held by Angeleno Investors II, L.P. The address for Angeleno Investors II, L.P. is 2029 Century Park East, Suite 2980, Los Angeles, California 90067.

 

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(17)

Consists of 3,800,316 shares of common stock held by NGP Energy Technology Partners, L.P. NGP ETP, L.L.C. is the general partner of NGP Energy Technology Partners, L.P. Energy Technology Partners, L.L.C. is the manager of NGP ETP, L.L.C. Philip J. Deutch serves as the manager of Energy Technology Partners, L.L.C. and may be deemed to share voting and investment power with respect to all shares held by NGP Energy Technology Partners, L.P. The address for NGP Energy Technology Partners, L.P. is 1700 K Street NW, Suite 750, Washington, District of Columbia 20006.

 

(18)	Consists of 2,843,664 shares of common stock.

 

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DESCRIPTION OF CAPITAL STOCK