SEC Form 4 · accession 0001109357-15-000027
EXELON CORP · EXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan W Thayer
Officer — Senior EVP and CFO
Period of report
Jan 26, 2015
Accepted (ET)
Jan 28, 2015 · 2:27 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 | 57,911 | $37.34 | A | 80,037 | D | |
| Common StockF2 | Jan 26, 2015 | F | 22,921 | $37.34 | D | 57,116 | D | |
| Common StockF3 | Jan 26, 2015 | D | 25,072 | $37.34 | D | 32,044 | D | |
| Common Stock (Restricted Stock Shares)F4 | holding | — | — | — | 6,758 | D | ||
| Common Stock- 401k Plan SharesF5 | holding | — | — | — | 1,659 | I | 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 01/26/2015F6 | $0.00 | Jan 26, 2015 | A | 23,866 | A | — | — | Common stock | 23,866 | 23,866 | D |
| Restricted Stock Unit Award 01/27/2014F7,F6 | $0.00 | Jan 26, 2015 | M | 10,188 | D | — | — | Common stock | 10,188 | 20,380 | D |
| Restricted Stock Unit Award 01/28/2013F8,F6 | $0.00 | Jan 26, 2015 | M | 8,250 | D | — | — | Common stock | 8,250 | 8,256 | D |
| Performance Shares- Stock UnitsF9,F10 | $0.00 | Jan 26, 2015 | A | 24,473 | A | — | — | Common stock | 24,473 | 39,473 | D |
| Performance Shares- Stock UnitsF10 | $0.00 | Jan 26, 2015 | M | 39,473 | D | — | — | Common stock | 39,473 | 0 | D |
| Restricted Stock Unit Award 01/28/2013F11 | — | holding | — | — | — | — | — | Common stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Balance includes 137 shares acquired on March 10, 2014; 107 shares acquired on June 10, 2014; 123 shares acquired on September 10, 2014; and 114 shares acquired on December 10, 2014 through automatic dividend reinvestment.
- F10Performance 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.
- F11Restricted stock unit award made pursuant to the Exelon Long Term Incentive Plan. 100% of share vest on January 28, 2018.
- F2Shares withheld by the Issuer for reporting person's tax obligation.
- F3Shares settled in cash on a 1 for 1 basis.
- F4Balance includes 68 shares acquired on March 10, 2014; 55 shares acquired on June 10, 2014; 62 shares acquired on September 10, 2014; and 58 shares acquired on December 10, 2014 through automatic dividend reinvestment.
- F5Shares 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.
- F6Restricted 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.
- F7This security also includes 1,600 shares from a supplemental award made on May 5, 2014 and reported on a Form 4 filed on May 7, 2014. Balance includes 290 shares acquired on March 10, 2014; 235 shares acquired on June 10, 2014; 282 shares acquired on September 10, 2014; and 261 shares acquired on December 10, 2014 through automatic dividend reinvestment.
- F8Balance also includes 165 shares acquired on March 10, 2014; 134 shares acquired on June 10, 2014; 152 shares acquired on September 10, 2014; and 141 shares acquired on December 10, 2014 through automatic dividend reinvestment.
- F9Transition 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.