X0304 4 2012-02-17 0 0001044435 ACTIVE POWER INC ACPW 0001435928 Olsen Martin T. C/O ACTIVE POWER, INC. 2128 W. BRAKER LANE, BK12 AUSTIN TX 78758 0 1 0 0 VP of Global Sales Employee Stock Option (Right to Buy) 0.80 2012-02-17 4 A 0 70000 0 A 2022-02-17 Common Stock 70000 70000 D Employee Stock Option (Right to Buy) 0.80 2012-02-17 4 A 0 40000 0 A 2022-02-17 Common Stock 40000 40000 D Restricted Stock Units 2012-02-17 4 P 0 70000 0 A Common Stock 70000 70000 D With continued service, the option shares shall vest and become exercisable in a series of sixteen equal quarterly installments upon the completion of each quarter of service through 2/17/2016. With continued service, 100% of the option shares shall vest and become exercisable on 2/17/2013. Each restricted stock unit represents a contingent right to receive one share of common stock. With continued service, the restricted stock units shall vest in a series of sixteen equal quarterly installments upon the completion of each quarter of service through 2/17/2016. Vested shares will be delivered to the reporting person as soon as practicable after vesting, but in each case within the period ending no later than the later of the 15th day of the 3rd month following the end of the (i) fiscal year or the (ii) calendar year, which in either case includes the vesting date. /s/ Martin Olsen 2012-02-22