X0306 4 2018-02-23 0 0000319815 MAXWELL TECHNOLOGIES INC MXWL 0001416939 Lyle David 3888 CALLE FORTUNADA SAN DIEGO CA 92123 0 1 0 0 Chief Financial Officer Restricted Stock Units 0.00 2018-02-23 4 A 0 30000 0.00 A Common Stock 30000 30000 D Market Stock Units 0.00 2018-02-23 4 A 0 90000 0.00 A Common Stock 90000 90000 D Each restricted stock unit (RSU) represents a right to receive one share of the Issuer's common stock. Award vests in annual installments over 4 years as long as the holder remains in service to the Company. Vested shares will be delivered to the holder shortly after the vesting date. These units were received as a grant or award for no consideration. Each market stock unit represents a right to receive one share of the Issuer's common stock. This award represents market stock units with vesting based on performance of the Company's common stock compared to the Nasdaq Composite Index over a period of three years. Depending on the level of performance actually achieved, the number of shares that may vest under this award will vary. The amount included in the table above represents the maximum number of shares that could vest under the grant. Sabrina Randolph, by Power of Attorney 2018-02-27