SEC Form 4 · accession 0001127602-15-010167
PG&E Corp · PCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Helen A Burt
Officer — SVP, Corporate Affairs
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 6:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001004980
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 2, 2015 | A | 7,152 | $0.00 | A | 36,904 | D | |
| Common StockF2 | Mar 2, 2015 | F | 3,227 | $53.40 | D | 33,677 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This amount includes 2,096 vested performance shares granted under the PG&E Corporation 2006 Long-Term Incentive Plan (LTIP) for the performance cycle ended 12/31/14 and 5,056 restricted stock units (RSUs) granted under the PG&E Corporation 2014 LTIP. Performance shares and RSUs are payable in shares of PG&E Corporation common stock on a one-for-one basis.
- F2Includes 1,000.92 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program, and reflects 9.78 SISOPs on 10/15/14 and 7.84 SISOPs on 1/15/15 acquired upon conversion of dividend equivalents received on those dates. SISOPs vest three years after the date of grant subject to accelerated vesting upon certain events. Unvested SISOPs are subject to forfeiture if certain stock ownership targets are not met. Vested SISOPs are automatically payable in an equal number of shares of PG&E Corporation common stock following termination of employment.