SEC Form 4 · accession 0001047862-16-000230
CONSOLIDATED EDISON INC · ED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John McAvoy
Officer — Chairman, President & CEO · Director
Period of report
Feb 17, 2016
Accepted (ET)
Feb 19, 2016 · 4:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001047862
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 17, 2016 | M | 19,170 | — | A | 32,921 | D | |
| Common Stock | Feb 17, 2016 | D | 19,170 | $70.97 | D | 13,751 | D | |
| Common Stock | holding | — | — | — | 2,131 | I | By Tax Reduction Act Stock Ownership Plan (TRASOP) | |
| Common Stock | holding | — | — | — | 1,038 | I | By THRIFT PLAN |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Units (Phantom Stock)F1,F4,F2,F3 | — | Feb 17, 2016 | A | 83,100 | A | — | — | Common Stock | 83,100 | 83,100 | D |
| Performance Restricted Stock Units (Phantom Stock)F1,F2,F5 | — | Feb 17, 2016 | M | 19,170 | D | Feb 17, 2016 | Feb 17, 2016 | Common Stock | 19,170 | 0 | D |
Explanation of responses
- F1Not applicable.
- F2Each Performance Unit and Performance Restricted Stock Unit is the economic equivalent of one share of Consolidated Edison, Inc. (the "Company") common stock.
- F3Performance Units granted under the Company's Long Term Incentive Plan ("LTIP"), will vest in 2019 when they are determined and awarded by the Management Development and Compensation Committee of the Company's Board of Directors.
- F4The number of shares (or cash equivalents) will be adjusted based on certain performance criteria, including criteria other than the market price, as specified under the LTIP.
- F5The number of shares (or cash equivalents) were adjusted based on certain performance criteria, including criteria other than the market price, as specified under the LTIP.