SEC Form 4 · accession 0001127602-16-044910
PG&E Corp · PCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kent M Harvey
Officer — SVP, Finance
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 6:41 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 1, 2016 | A | 8,892 | $0.00 | A | 56,355 | D | |
| Common StockF2 | Mar 1, 2016 | F | 13,013 | $56.21 | D | 43,342 | D | |
| Common StockF3 | holding | — | — | — | 899 | I | Held By Trustee Of PG&E Corporation Retirement Savings Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Vested performance shares granted under the PG&E Corporation 2006 Long-Term Incentive Plan for the performance cycle ended 12/31/15. Performance shares are payable in shares of PG&E Corporation common stock on a one-for-one basis.
- F2Includes 3,837.49 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program, and reflects the acquisition of 32.49 SISOPs on 4/15/15, 33.09 SISOPs on 7/15/15, 31.76 SISOPs on 10/15/15, and 32.99 SISOPs on 1/15/16 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 following termination of employment.
- F3Represents the approximate number of shares of PG&E Corporation common stock held for the reporting person in 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 3/1/16 and reflect the acquisition of approximately 6.12 shares on 4/15/15, 6.78 shares on 7/15/15, 6.52 shares on 10/15/15, and 6.77 shares on 1/15/16 due to dividend reinvestment.