SEC Form 4 · accession 0001109357-16-000107
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 25, 2016
Accepted (ET)
Jan 27, 2016 · 12:16 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 25, 2016 | M | 11,197 | $27.16 | A | 422,135 | D | |
| Common StockF1 | Jan 25, 2016 | F | 3,267 | $27.16 | D | 418,868 | D | |
| Common stockF2 | Jan 25, 2016 | D | 7,930 | $27.16 | D | 410,938 | D | |
| Common Stock (401k Shares)F3 | holding | — | — | — | 1,979 | D | ||
| Common StockF4 | holding | — | — | — | 78,519 | I | By Lizzie Mae, LLC | |
| Common Stock (Deferred stock units) | holding | — | — | — | 9,495 | 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 UnitsF5 | $0.00 | Jan 25, 2016 | A | 11,197 | A | — | — | Common stock | 11,197 | 11,197 | D |
| Performance Shares- Stock UnitsF5 | $0.00 | Jan 25, 2016 | M | 11,197 | D | — | — | Common stock | 11,197 | 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, 2015 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.
- F4Lizzie 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.
- F5Performance share stock units award made pursuant to the Exelon Long Term Incentive Plan for the three-year performance period from January 1, 2013 to December 31, 2015. Shares vest immediately upon award. This grant was settled in cash on a 1 for 1 basis based on the cash value of the underlying stock on the date of vesting because the reporting person had attained 200% of their required stock ownership target.