SEC Form 4 · accession 0001047862-18-000045
CONSOLIDATED EDISON INC · ED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Cawley
Officer — President, CECONY
Period of report
Feb 14, 2018
Accepted (ET)
Feb 16, 2018 · 5:04 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 14, 2018 | M | 1,834 | — | A | 31,953 | D | |
| Common Stock | Feb 14, 2018 | D | 18,340 | $77.03 | D | 13,613 | 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,F4,F2,F3 | — | Feb 14, 2018 | A | 18,100 | A | — | — | Common Stock | 18,100 | 18,100 | D |
| Performance Units (Phantom Stock)F1,F2,F5 | — | Feb 14, 2018 | M | 1,834 | D | Feb 14, 2018 | Feb 14, 2018 | Common Stock | 1,834 | 0 | D |
Explanation of responses
- F1Not applicable.
- F2Each Performance 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 2021 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.
- F5Represents the remaining 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.