Filing Details
- Accession Number:
- 0000354707-11-000029
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-12-08 15:33:01
- Reporting Period:
- 2011-12-06
- Filing Date:
- 2011-12-08
- Accepted Time:
- 2011-12-08 15:33:01
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 354707 | Hawaiian Electric Industries Inc | HE | Electric Services (4911) | 990208097 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1193241 | H Constance Lau | P.o. Box 730 Honolulu HI 96808-0730 | President & Ceo | Yes | 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 | 2011-12-06 | 50,000 | $20.49 | 372,350 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2011-12-06 | 4,789 | $0.00 | 377,139 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2011-12-06 | 47,300 | $25.81 | 329,839 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2011-12-06 | 50,000 | $0.00 | 50,000 | $20.49 |
| Common Stock | Dividend Equivalent Rights | Disposition | 2011-12-06 | 4,789 | $0.00 | 4,789 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2013-04-21 | No | 4 | M | Direct | |
| 0 | 2013-04-21 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 87 | Indirect | By 401k |
| Common Stock | 7,917 | Indirect | By custodian for children |
Footnotes
- Shares acquired as dividend equivalents pursuant to the terms of the Stock Option and Incentive Plan for the period 5/12/03 - 4/21/07 with a range in price of $20.50 to $28.805 (price accommodating 2-for-1 split).
- Settlement of dividend equivalent rights in connection with exercise of option. The rights accrued when and as dividends were paid on HEI Comon Stock and became exercisable proportionately with the option to which they related. Each dividend equivalent right is the economic equivalent of one share of HEI Comon Stock. $24.20 was also paid to the holder to settle a fractional dividend equivalent right of 0.9376.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.70 to $25.94, inclusive. The reporting person undertakes to provide to Hawaiian Electric Industries, Inc., any security holder of Hawaiian Electric Industries, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.
- Represents shares held in the form of stock units in the HEI Common Stock fund pursuant to the Hawaiian Electric Industries Retirement Savings Plan as of November 16, 2011.
- Includes shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan.
- The option vested in four equal installments on April 21, 2004, April 21, 2005, April 21, 2006 and April 21, 2007.
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