SEC Form 4 · accession 0001127602-18-010165
PG&E Corp · PCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John R Simon
Officer — EVP and General Counsel
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:18 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 Stock | Mar 1, 2018 | F | 3,371 | $41.26 | D | 21,630 | D | |
| Common StockF1 | Mar 1, 2018 | A | 24,540 | $0.00 | A | 46,170 | D | |
| Common StockF2 | Mar 1, 2018 | G | 6,282 | $0.00 | D | 39,888 | D | |
| Common Stock | Mar 1, 2018 | G | 6,282 | $0.00 | A | 27,449 | I | Held by Simon Family Trust |
| Common StockF3 | holding | — | — | — | 2,741 | I | Held by Trustee of PG&E Corporation Retirement Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4,F5 | $41.26 | Mar 1, 2018 | A | 43,989 | A | — | Mar 1, 2028 | Common Stock | 43,989 | 43,989 | D |
Explanation of responses
- F1RSUs granted under the PG&E Corporation 2014 Long-Term Incentive Plan. RSUs are payable in shares of PG&E Corporation common stock on one-for-one basis.
- F2Includes 160.39 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.
- F3Represents 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 as of 3/1/18.
- F4Employee stock options granted under the PG&E Corporation 2014 Long-Term Incentive Plan.
- F5One-third of stock options is exercisable on the first business day of March 2019, 2020, and 2021.