SEC Form 4 · accession 0000104918-18-000040
AVISTA CORP · AVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott L Morris
Officer — Chairman and CEO
Period of report
Feb 1, 2018
Accepted (ET)
Feb 5, 2018 · 7:20 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 - 2018 Restricted Stock AwardF1 | Feb 1, 2018 | A | 13,280 | — | A | 217,420 | D | |
| Common Stock - 2015, 2016 and 2017 Restricted StockF2 | Feb 1, 2018 | F | 5,228 | $50.08 | D | 212,192 | D | |
| Common Stock-Performance SharesF3 | Feb 1, 2018 | M | 10,226 | — | A | 222,418 | D | |
| Common Stock-Performance SharesF4 | Feb 1, 2018 | F | 4,024 | $50.08 | A | 218,394 | D | |
| Estimated Shares held in 401(k) Plan | holding | — | — | — | 165 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Conversion of 2015 Performance Shares related to CEPSF3 | — | Feb 1, 2018 | M | 13,280 | D | — | — | Common Stock | 13,280 | 0 | D |
| Performance Share Grant for 2018F5,F6 | — | Feb 1, 2018 | A | 29,438 | A | — | — | Common Stock | 29,438 | 29,438 | 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.
- F2Shares withheld to pay income tax on Restricted Shares acquired 2/1/18.
- F3Each performance share represents a contingent right to receive a share of Avista Common Stock upon achieving a specified performance measure.
- F4Shares withheld to pay income tax on Performance Shares acquired 2/1/18.
- 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.