SEC Form 4 · accession 0000104918-15-000120
AVISTA CORP · AVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan L Krasselt
Officer — VP Control/Prin Acct Officer
Period of report
Oct 1, 2015
Accepted (ET)
Oct 5, 2015 · 6:00 pm EDT
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 - Restricted SharesF1,F2 | Oct 1, 2015 | A | 884 | — | A | 2,045 | D |
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 2015F3,F4 | — | Oct 1, 2015 | A | 3,498 | A | — | — | Common Stock | 3,498 | 3,498 | D |
Explanation of responses
- F1Upon promotion to a VP, Ryan was awarded additional Restricted Stock and Performance Shares
- F2Restricted 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.
- F3No conversion price. Shares awarded if performance measure is met.
- F4Each performance cycle is 3 years in length. Shares will be issued at the end of each 3-year cycle if performance measure is met.