SEC Form 4 · accession 0001047862-17-000035
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 15, 2017
Accepted (ET)
Feb 17, 2017 · 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 Stock | Feb 15, 2017 | P | 28 | $73.29 | A | 14,956 | D | |
| Common StockF2 | Feb 15, 2017 | M | 101,947 | — | A | 116,903 | D | |
| Common Stock | holding | — | — | — | 2,206 | I | By Tax Reduction Act Stock Ownership Plan (TRASOP) | |
| Common Stock | holding | — | — | — | 1,189 | 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)F2,F5,F3,F4 | — | Feb 15, 2017 | A | 78,300 | A | — | — | Common Stock | 78,300 | 78,300 | D |
| Performance Units (Phantom Stock)F2,F3,F6 | — | Feb 15, 2017 | M | 101,947 | D | Feb 15, 2017 | Feb 15, 2017 | Common Stock | 101,947 | 0 | D |
Explanation of responses
- F1The purchase reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2016.
- F2Not applicable.
- F3Each Performance Unit is the economic equivalent of one share of Consolidated Edison, Inc. (the "Company") common stock.
- F4Performance Units granted under the Company's Long Term Incentive Plan ("LTIP"), will vest in 2020 when they are determined and awarded by the Management Development and Compensation Committee of the Company's Board of Directors.
- F5The 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.
- F6The 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.