SEC Form 4 · accession 0001109357-15-000018
EXELON CORP · EXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Calvin Butler Jr.
Officer — President & CEO, BGE
Period of report
Jan 26, 2015
Accepted (ET)
Jan 28, 2015 · 2:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001109357
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 26, 2015 | M | 14,751 | $37.34 | A | 24,714 | D | |
| Common StockF1 | Jan 26, 2015 | F | 4,134 | $37.34 | D | 20,580 | D | |
| Common StockF2 | Jan 26, 2015 | D | 3,843 | $37.34 | D | 16,737 | D | |
| Common Stock (401k Shares)F3 | holding | — | — | — | 539 | I | Held by 401k plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Unit Award 01/26/2015F4 | $0.00 | Jan 26, 2015 | A | 7,287 | A | — | — | Common stock | 7,287 | 7,287 | D |
| Restricted Stock Unit Award 01/27/2014F5,F4 | $0.00 | Jan 26, 2015 | M | 3,301 | D | — | — | Common stock | 3,301 | 6,610 | D |
| Restricted Stock Unit Award 01/28/2013F6,F4 | $0.00 | Jan 26, 2015 | M | 1,608 | D | — | — | Common stock | 1,608 | 1,617 | D |
| Performance Shares- Stock UnitsF7,F8 | $0.00 | Jan 26, 2015 | A | 7,384 | A | — | — | Common stock | 7,384 | 9,842 | D |
| Performance Shares- Stock UnitsF8 | $0.00 | Jan 26, 2015 | M | 9,842 | D | — | — | Common stock | 9,842 | 0 | D |
Explanation of responses
- F1Shares withheld by the Issuer for reporting person's tax obligation.
- F2Shares settled in cash on a 1 for 1 basis.
- F3Shares held as of December 31, 2014 in a multi-fund 401(k) Plan to be settled in cash upon the reporting person's termination of employment for any reason on a 1:1 basis. Shares are acquired through regular periodic contributions, company matching contributions, and the automatic reinvestment of dividends.
- F4Restricted stock unit award made pursuant to the Exelon Long Term Incentive Plan. 1/3 of the shares awarded will vest upon the first, second and third anniversary date that is referenced in column 1.
- F5This security also includes 4,400 shares from a supplemental award made on March 1, 2014 and reported on a Form 4 filed on March 4, 2014. Balance includes 54 shares acquired on March 10, 2014; 81 shares acquired on June 10, 2014; 91 shares acquired on September 10, 2014; and 85 shares acquired on December 10, 2014 through automatic dividend reinvestment.
- F6Balance includes 32 shares acquired on March 10, 2014; 26 shares acquired on June 10, 2014; 30 shares acquired on September 10, 2014; and 28 shares acquired on December 10, 2014 through automatic dividend reinvestment.
- F7Transition performance shares awarded pursuant to the Exelon Long Term Incentive Plan in connection with transition from one-year to three-year performance period for the performance share award program. Shares vest immediately upon award.
- F8Performance Shares awarded pursuant to the Exelon Long Term Incentive Plan. 1/3 of the shares awarded vest immediately upon receipt. The remaining shares vest in 1/3 increments on each of the first and second anniversaries of the grant date. Under certain circumstances some or all of the vested shares may be settled in cash on a 1 for 1 basis based on the cash value of the underlying stock on the date of vesting.