SEC Form 4 · accession 0000899243-16-011185
UIL HOLDINGS CORP · UIL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William B Plummer
Director
Period of report
Dec 16, 2015
Accepted (ET)
Jan 6, 2016 · 7:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082510
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 16, 2015 | D | 4,933 | $0.00 | D | 0 | D | |
| Restricted StockF2 | Dec 16, 2015 | D | 1,965 | $0.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF4,F3 | — | Dec 16, 2015 | D | 2,915 | D | — | — | Common Stock | 2,915 | 0 | D |
Explanation of responses
- F1Disposed of pursuant to the merger of UIL Holdings Corporation (UIL) and Avangrid, Inc. (AGR) in exchange for a like number of shares of common stock of AGR plus $10.50 per share.
- F2Each share disposed of pursuant to the merger of UIL and AGR in exchange for 1.28059748557929000 shares of Restricted Stock of AGR.
- F3Phantom Stock Units represent directors' fees paid in shares of UIL Common Stock and deferred under UIL's Non-Employee Directors Common Stock and Deferred Compensation Plan (Plan). Payment of the phantom stock underlying the phantom stock unit is made at the time elected by the recipient pursuant to the terms and provisions of the Plan.
- F4Each share disposed of pursuant to the merger of UIL and AGR in exchange for cash in the amount of $51.525 per phantom stock unit.