SEC Form 4 · accession 0000104918-17-000047
AVISTA CORP · AVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott L Morris
Officer — Chairman, Pres and CEO
Period of report
Feb 2, 2017
Accepted (ET)
Feb 6, 2017 · 5:39 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 - 2017 Restricted Stock AwardF1 | Feb 2, 2017 | A | 13,887 | — | A | 180,358 | D | |
| Common Stock - 2014, 2105 and 2016 Restricted StockF2 | Feb 2, 2017 | F | 5,828 | $38.42 | D | 174,530 | D | |
| Shares held in 401(k) Plan | holding | — | — | — | 162 | 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 2017F3,F4 | — | Feb 2, 2017 | A | 39,845 | A | — | — | Common Stock | 39,845 | 39,845 | D |
Explanation of responses
- F1Restricted 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 if performance measures are met.
- F2Shares sold to pay income taxes on final 1/3 of 2014, second 1/3 of 2015 and first 1/3 of 2016 restricted shares that vested on February 2, 2017.
- 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.