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
  1. 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).
  2. 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.
  3. 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.
  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.
  5. Includes shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan.
  6. The option vested in four equal installments on April 21, 2004, April 21, 2005, April 21, 2006 and April 21, 2007.