SEC Form 4 · accession 0001109357-15-000056
EXELON CORP · EXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth W. Cornew
Officer — Sr EVP & Chf Commercial Off.
Period of report
Jul 1, 2015
Accepted (ET)
Jul 2, 2015 · 5:40 pm EDT
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 | Jul 1, 2015 | M | 10,000 | $31.73 | A | 52,988 | D | |
| Common StockF1 | Jul 1, 2015 | F | 5,192 | $31.73 | D | 47,796 | D |
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 07-01-2010F2 | — | Jul 1, 2015 | M | 10,000 | D | — | — | Common stock | 10,000 | 0 | D |
| Restricted Stock Unit Award 01-28-2013F3 | — | holding | — | — | — | — | — | Common stock | 30,000 | 30,000 | D |
| Restricted Stock Unit Award 01/26/2015F5,F4 | $0.00 | holding | — | — | — | — | — | Common stock | 26,274 | 26,274 | D |
| Restricted Stock Unit Award 01/27/2014F6,F4 | $0.00 | holding | — | — | — | — | — | Common stock | 23,532 | 23,532 | D |
| Restricted Stock Unit Award 01/28/2013F7,F4 | $0.00 | holding | — | — | — | — | — | Common stock | 10,098 | 10,098 | D |
| Def. Comp. Phantom Share EquivalentsF9,F8 | — | holding | — | — | — | — | — | Common stock | 1,566 | 1,566 | D |
Explanation of responses
- F1Shares withheld by the Issuer for reporting person's tax obligation.
- F2Restricted stock unit award made pursuant to the Exelon Long Term Incentive Plan. 100% of the shares vest on July 1, 2015.
- F3Restricted stock unit award made pursuant to the Exelon Long Term Incentive Plan. 100% of the shares vest on January 28, 2018.
- 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.
- F5Balance includes 249 shares acquired on March 10, 2015 and 236 shares acquired on June 10, 2015 through automatic dividend reinvestment.
- F6Balance includes 223 shares acquired on March 10, 2015 and 212 shares acquired on June 10, 2015 through automatic dividend reinvestment.
- F7This security also includes 3,600 shares from a supplemental award made on May 28, 2013 and reported a Form 4 filed on May 29, 2013. Balance includes 96 shares acquired on March 10, 2015 and 91 shares acquired on June 10, 2015 through automatic dividend reinvestment.
- F8Phantom share equivalents representing units held in the Exelon stock fund in a multi-fund, non-qualified deferred compensation plan. The Exelon stock fund is a unitized fund that consists of Exelon common stock and short term investments. Units of the fund will be settled upon the reporting person's separation from the board for any reason. Units will be settled in cash. Units are acquired through regular periodic contributions of deferred board compensation and the reinvestment of dividend equivalents. The balance of phantom share equivalents may fluctuate from time to time due to fluctuations in the fund composition.
- F9Balance as of June 30, 2015. Balance includes 14 shares equivalents accrued on February 11, 2015 and 14 share equivalents accrued on May 13, 2015 through automatic dividend reinvestment.