X0306 4 2016-02-22 0 0000916457 CALPINE CORP CPN 0001351761 Hill Thad CALPINE CORPORATION 717 TEXAS AVENUE, SUITE 1000 HOUSTON TX 77002 1 1 0 0 President & Chief Exec.Officer Common Stock, par value $0.001 per share 2016-02-22 4 A 0 137500 0 A 643208 D Award of restricted stock pursuant to Calpine Corporation's Amended and Restated 2008 Equity Incentive Plan. The award vests in three equal installments on the first, second and third anniversary dates of the grant date. /s/ W. Thaddeus Miller by Power of Attorney 2016-02-24