Filing Details
- Accession Number:
- 0001127602-14-002714
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-01-23 16:59:01
- Reporting Period:
- 2014-01-21
- Filing Date:
- 2014-01-23
- Accepted Time:
- 2014-01-23 16:59:01
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 72741 | Northeast Utilities | NU | Electric Services (4911) | 042147929 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1101384 | J Thomas May | C/O Northeast Utilities One Federal Street, Building 111-4 Springfield MA 01105 | President, Ceo & Trustee | 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 Shares, $5.00 Par Value | Acquisiton | 2014-01-21 | 244,032 | $28.12 | 540,150 | No | 4 | M | Direct | |
| Common Shares, $5.00 Par Value | Acquisiton | 2014-01-21 | 196,800 | $24.74 | 736,950 | No | 4 | M | Direct | |
| Common Shares, $5.00 Par Value | Disposition | 2014-01-21 | 440,832 | $43.04 | 296,118 | 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 Shares, $5.00 Par Value | Employee Stock Option (Right to Buy) | Disposition | 2014-01-21 | 244,032 | $0.00 | 244,032 | $28.12 |
| Common Shares, $5.00 Par Value | Employee Stock Option (Right to Buy) | Disposition | 2014-01-21 | 196,800 | $0.00 | 196,800 | $24.74 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2010-05-03 | 2017-05-03 | No | 4 | M | Direct |
| 0 | 2011-01-24 | 2018-01-24 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Shares, $5.00 Par Value | 63,379 | Indirect | 401k Plan |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Shares, $5.00 Par Value | Phantom Shares | $0.00 | 859,558 | 859,558 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 859,558 | 859,558 | Direct |
Footnotes
- Includes restricted share units and dividend equivalents thereon.
- This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 27, 2013.
- The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00 to $43.10, inclusive. The reporting person undertakes to provide Northeast Utilities, any security holder of Northeast Utilities, or the staff of the Securities and Exchange Commission, upon request, full information regarding number of shares sold within the range set forth above.
- Shares held in trust under the Northeast Utilities Service Company 401k Plan, a qualified plan, according to information supplied by the plan's record keeper.
- Reporting Person's deferred compensation under the NSTAR Deferred Compensation Plan, which was merged into the NU Deferred Compensation Plan effective January 1, 2014, which deferred compensation is nominally invested as common shares. Each phantom share represents the right to receive one NU Common share upon a distribution event, following vesting. Additional phantom shares are issued upon the automatic reinvestment of dividend equivalents exempt from the line item reporting under SEC Rule 16a-11.
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