Filing Details
- Accession Number:
- 0001209191-15-007010
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-01-28 15:41:23
- Reporting Period:
- 2015-01-26
- Filing Date:
- 2015-01-28
- Accepted Time:
- 2015-01-28 15:41:23
- 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 | 2015-01-26 | 36,790 | $35.71 | 36,790 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2015-01-26 | 14,461 | $35.71 | 22,329 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2015-01-26 | 73,360 | $29.51 | 95,689 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2015-01-26 | 45,350 | $28.20 | 141,039 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2015-01-26 | 118,710 | $35.51 | 22,329 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2015-01-27 | 22,329 | $35.72 | 0 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2015-01-27 | 13,921 | $35.70 | 13,921 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2015-01-27 | 6,982 | $35.70 | 6,939 | 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 | M | Direct | |
| No | 4 | S | 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 (ICP) | Disposition | 2015-01-26 | 36,790 | $0.00 | 36,790 | $0.00 |
| Common Stock | Employee Stock Options (Right to Buy) | Disposition | 2015-01-26 | 73,360 | $0.00 | 73,360 | $29.51 |
| Common Stock | Employee Stock Options (Right to Buy) | Disposition | 2015-01-26 | 45,350 | $0.00 | 45,350 | $28.20 |
| Common Stock | Performance Stock Unit (ICP) | Disposition | 2015-01-27 | 13,921 | $0.00 | 13,921 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 73,360 | 2023-01-23 | No | 4 | M | Direct | |
| 0 | 2022-01-25 | 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 Incentive Compensation Plan (ICP).
- Represents the exercise of 118,710 stock options and sale of underlying shares pursuant to a 10b5-1 plan, dated February 25, 2014.
- Represents the weighted average sales price for price increments ranging from $35.330 to $35.645.
- 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 sale of 22,329 shares of common stock pursuant to a 10b5-1 plan, dated February 25, 2014.
- Represents the weighted average sales price for price increments ranging from $35.510 to $35.855.
- The units vested on 01/26/2015.
- Represents the exercise of 73,360 stock options from a total grant of 220,080 stock options. 73,360 stock options from this grant were exercised on April 14, 2014. The remaining 73,360 stock options vest on January 24, 2016.
- Represents the exercise of 45,350 stock options from a total grant of 136,050 stock options. The total grant of options vested in three installments on January 26, 2013, January 26, 2014 and January 26, 2015.
- No conversion or exercise price or exercise or expiration date applies. Under the terms of the Incentive Compensation Plan (ICP), the underlying securities were earned (60%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2014. Determination of the percentage of the award earned was made by the Compensation, Governance and Nominating Committee on 01/22/2015 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/27/2015.
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