SEC Form 4 · accession 0000104918-16-000183
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 4, 2016
Accepted (ET)
Feb 8, 2016 · 8:35 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- 2013, 2014 and 2015 Restricted Stock AwardsF1 | Feb 4, 2016 | F | 5,662 | $37.59 | D | 185,927 | D | |
| Common Stock - 2016 Restricted Stock AwardF2 | Feb 4, 2016 | A | 13,280 | — | A | 199,207 | D | |
| Common Stock held in 401(k) Plan | holding | — | — | — | 157 | 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 Grant for 2016F3,F4 | — | Feb 4, 2016 | A | 39,845 | A | — | — | Common Stock | 39,845 | 39,845 | D |
Explanation of responses
- F1Shares sold to pay income tax on final 1/3 of 2013, second 1/3 of 2014 and first 1/3 of 2015 restricted shares that vested on February 4, 2016.
- 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.