SEC Form 4 · accession 0001127602-15-018602
PG&E Corp · PCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hyun Park
Officer — SVP and General Counsel
Period of report
May 22, 2015
Accepted (ET)
May 26, 2015 · 6:14 pm EDT
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 Stock | May 22, 2015 | S | 6,181 | $52.99 | D | 41,934 | I | Held by Park Family Trust |
| Common StockF2 | holding | — | — | — | 1,997 | I | Held By Trustee Of PG&E Corporation Retirement Savings Plan | |
| Common StockF3 | holding | — | — | — | 38,484 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Transaction pursuant to reporting person's Rule 10b5-1 instruction.
- F2Represents the approximate number of shares of PG&E Corporation common stock held for the reporting person in the PG&E Corporation Stock Fund of the PG&E Corporation Retirement Savings Plan (RSP). That fund holds units consisting of PG&E Corporation common stock and a small short-term investments component. The number of shares is computed by dividing the value of the units by the daily closing price. Dividends are automatically invested in additional units at the election of the participant. These holdings have been trued up to conform to the RSP balance at 5/22/15, and reflect the acquisition of approximately 16.03 shares on 4/15/15 due to dividend reinvestment.
- F3Includes 3,401.70 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership, and reflects the acquisition of 29.55 SISOPs on 4/15/15 upon the 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 following termination of employment.