SEC Form 4 · accession 0000104918-15-000035
AVISTA CORP · AVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott L Morris
Officer — Chairman, President and CEO
Period of report
Feb 5, 2015
Accepted (ET)
Feb 9, 2015 · 4:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000104918
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock - 2012 Restricted Stock AwardF1 | Feb 5, 2015 | F | 2,480 | $37.27 | D | 174,811 | D | |
| Common Stock - 2013 Restricted Stock AwardF2 | Feb 5, 2015 | F | 2,341 | $37.27 | D | 177,152 | D | |
| Common Stock - 2014 Restricted Stock AwardF3 | Feb 5, 2015 | F | 2,922 | $37.27 | D | 180,074 | D | |
| Common Stock - 2015 Restricted Stock AwardF4 | Feb 5, 2015 | A | 13,280 | — | A | 193,354 | D | |
| Common Stock - 401(k) Plan | holding | — | — | — | 151 | I | held by Trustee |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share Grant for 2015F5,F6 | — | Feb 5, 2015 | A | 39,845 | A | — | — | Common Stock | 39,845 | 39,845 | D |
Explanation of responses
- F1Shares withheld to cover income tax on last 1/3 vested portion of 2012 Restricted Stock Award.
- F2Shares withheld to cover income tax on second 1/3 vested portion of 2013 Restricted Stock Award.
- F3Shares withheld to cover income tax on first 1/3 vested portion of 2014 Restricted Stock Award.
- F4Restricted Shares vest 1/3 each year over a 3-year period and are payable in Avista Corp. Common Stock at the end of each year in the 3-year period.
- F5No conversion price. Shares awarded if performance measure is met.
- F6Each performance cycle is 3 years in length. Shares will be issued at the end of each 3-year cycle if performance measure is met.