SEC Form 4 · accession 0001109357-17-000033
EXELON CORP · EXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Denis P. O'Brien
Officer — Sr. Executive Vice President
Period of report
Jan 30, 2017
Accepted (ET)
Feb 1, 2017 · 11:29 am 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 30, 2017 | M | 95,686 | $35.04 | A | 153,645 | D | |
| Common StockF1 | Jan 30, 2017 | F | 41,027 | $35.04 | D | 112,618 | D | |
| Common stockF2 | Jan 30, 2017 | D | 35,375 | $35.04 | D | 77,243 | D | |
| Common Stock | holding | — | — | — | 20,000 | I | Held by spouse. | |
| Common Stock (ESPP shares) | holding | — | — | — | 1,405 | D | ||
| Common Stock (Deferred shares) | holding | — | — | — | 9,023 | I | By Stock Deferral 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 AwardsF3 | $0.00 | Jan 30, 2017 | A | 23,270 | A | — | — | Common stock | 23,270 | 80,542 | D |
| Restricted Stock Unit AwardsF3 | $0.00 | Jan 30, 2017 | M | 28,655 | D | — | — | Common stock | 28,655 | 51,887 | D |
| Performance Shares- Stock UnitsF4 | $0.00 | Jan 30, 2017 | A | 67,031 | A | — | — | Common stock | 67,031 | 67,031 | D |
| Performance Shares- Stock UnitsF4 | $0.00 | Jan 30, 2017 | M | 67,031 | D | — | — | Common stock | 67,031 | 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.
- F3Restricted stock unit awards made pursuant to the Exelon Long Term Incentive Plan. Share awards are made annually in January at the Compensation and Leadership Development committee's meeting and vest in 1/3 increments on the date of the committee's January meeting in the first, second and third years after the award was made.
- F4Performance share stock units award made pursuant to the Exelon Long Term Incentive Plan for the three-year performance period from January 1, 2014 to December 31, 2016. 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.