SEC Form 4 · accession 0001109357-15-000024
EXELON CORP · EXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mayo A Shattuck III
Director · Other
Period of report
Jan 26, 2015
Accepted (ET)
Jan 28, 2015 · 2:19 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 StockF1 | Jan 26, 2015 | M | 5,056 | $37.34 | A | 415,994 | D | |
| Common StockF2 | Jan 26, 2015 | F | 1,554 | $37.34 | D | 414,440 | D | |
| Common StockF3 | Jan 26, 2015 | D | 3,502 | $37.34 | D | 410,938 | D | |
| Common StockF4 | holding | — | — | — | 1,901 | I | By 401(k) plan | |
| Common StockF5 | holding | — | — | — | 78,519 | I | By Lizzie Mae, LLC | |
| Common Stock - Deferred Stock Units | holding | — | — | — | 5,906 | I | By Exelon Directors Deferred Stock Unit Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Shares- Stock UnitsF6 | $0.00 | Jan 26, 2015 | A | 5,056 | A | — | — | Common stock | 5,056 | 5,056 | D |
| Performance Shares- Stock UnitsF6 | $0.00 | Jan 26, 2015 | M | 5,056 | D | — | — | Common stock | 5,056 | 0 | D |
Explanation of responses
- F1Balance includes 2,206 shares acquired on March 10, 2014; 1,755 shares acquired on June 10, 2014; 1,990 shares acquired on September 10, 2014; and 1,829 shares acquired on December 10, 2014 through automatic dividend reinvestment.
- F2Shares withheld by the Issuer for reporting person's tax obligation.
- F3Shares settled in cash on a 1 for 1 basis.
- F4Shares 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.
- F5Lizzie Mae, LLC, is a limited liability company of which the reporting person is the manager and to which the reporting person transferred 78,519 shares of his Exelon common stock. On December 18, 2012, the reporting person transferred 1/3 membership interests in Lizzie Mae, LLC, to each of three trusts, each one for the benefit of one of the reporting person's three minor children. The reporting person's wife is a trustee of each of the trusts. The reporting person disclaims beneficial ownership of the Exelon Corporation common stock held by Lizzie Mae LLC except to the extent of his pecuniary interest therein.
- F6Transition 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.