SEC Form 4 · accession 0001127602-16-045468
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 4, 2016
Accepted (ET)
Mar 8, 2016 · 2:36 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 StockF2,F3 | Mar 4, 2016 | S | 17,920 | $56.24 | D | 25,422 | D | |
| Common StockF4 | 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
- F1Transaction pursuant to reporting person's Rule 10b5-1 instructions.
- F2The price in column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $55.73 to $56.52, inclusive. For all transactions reported in this Form 4 utilizing a weighted average share price, the reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range.
- F3Includes 3,837.49 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program. 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.
- F4Represents 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 3/4/16.