SEC Form 4 · accession 0001047862-18-000004
CONSOLIDATED EDISON INC · ED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Cawley
Officer — President
Period of report
Dec 29, 2017
Accepted (ET)
Jan 3, 2018 · 6:15 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,F2 | Dec 29, 2017 | M | 16,506 | — | A | 30,043 | D | |
| Common Stock | holding | — | — | — | 4 | 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,F3,F4 | — | Dec 29, 2017 | M | 16,506 | D | Dec 29, 2017 | Dec 29, 2017 | Common Stock | 16,506 | 0 | D |
Explanation of responses
- F1Not applicable.
- F2Total includes 87.56 Deferred Stock Units ("DSUs") acquired on December 15, 2017 pursuant to Consolidated Edison, Inc. (the "Company") Long Term Incentive Plan's ("LTIP") dividend reinvestment provision. Each DSU represents one share of the Company's common stock.
- F3Each Performance Unit is the economic equivalent of one share of the Company common stock.
- F4Represents a portion of the Performance Units with respect to the 2015-2017 performance period that vested as determined by the Management Development and Compensation Committee of the Company's Board of Directors. The number of shares (or cash equivalents) were adjusted based on certain performance criteria, including criteria other than market price, as specified under the LTIP.