Filing Details
- Accession Number:
- 0001209191-16-093566
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-01-26 14:22:23
- Reporting Period:
- 2016-01-22
- Filing Date:
- 2016-01-26
- Accepted Time:
- 2016-01-26 14:22:23
- SEC Url:
- Form 4 Filing
Issuer
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1504298 | A Victor Staffieri | Two North Ninth Street Allentown PA 18101 | President Of A Ppl Subsidiary | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2016-01-22 | 39,351 | $34.01 | 39,351 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-01-22 | 15,509 | $34.01 | 23,842 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2016-01-25 | 81,426 | $26.59 | 105,268 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-01-25 | 105,267 | $33.99 | 1 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2016-01-25 | 33,917 | $33.23 | 33,918 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2016-01-25 | 17,010 | $33.23 | 16,908 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Unit (SIP) | Disposition | 2016-01-22 | 39,351 | $0.00 | 39,351 | $0.00 |
| Common Stock | Employee Stock Options (Right to Buy) | Disposition | 2016-01-25 | 81,426 | $0.00 | 81,426 | $26.59 |
| Common Stock | Performance Stock Unit (SIP) | Disposition | 2016-01-25 | 33,917 | $0.00 | 33,917 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 1 | 2023-01-23 | No | 4 | M | Direct | |
| 0 | No | 4 | M | Direct |
Footnotes
- Shares withheld by the Company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Stock Incentive Plan (SIP).
- Represents the exercise of 81,426 stock options and sale of underlying shares, and the sale of 23,841 shares of common stock pursuant to a 10b5-1 plan, dated February 6, 2015.
- The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.
- Represents the weighted average sales price for price increments ranging from $33.71 to $34.17.
- Total includes the reinvestment of dividends.
- The contractual vesting of these units was to occur on 01/24/2016, but because that occurred on a weekend, the actual vesting occurred on 01/25/2016, valued as of the close of market on 01/22/2016.
- Represents the exercise of 81,426 stock options from a total grant of 228,147 options. The total grant of options vested in three installments on January 24, 2014, January 24, 2015 and January 24, 2016.
- No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (142.86%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2015. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/21/2016 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/25/2016.
Billionaire Hedge Funds
