SEC Form 4 · accession 0001109357-17-000035
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 30, 2017
Accepted (ET)
Feb 1, 2017 · 11:30 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 | 104,613 | $35.04 | A | 165,192 | D | |
| Common StockF1 | Jan 30, 2017 | F | 43,922 | $35.04 | D | 121,270 | D | |
| Common stockF2 | Jan 30, 2017 | D | 39,797 | $35.04 | D | 81,473 | D | |
| Common Stock (401k Shares)F3 | holding | — | — | — | 1,784 | 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 AwardsF4 | $0.00 | Jan 30, 2017 | A | 25,444 | A | — | — | Common stock | 25,444 | 87,688 | D |
| Restricted Stock Unit AwardsF4 | $0.00 | Jan 30, 2017 | M | 30,950 | D | — | — | Common stock | 30,950 | 56,738 | D |
| Performance Shares- Stock UnitsF5 | $0.00 | Jan 30, 2017 | A | 73,663 | A | — | — | Common stock | 73,663 | 73,663 | D |
| Performance Shares- Stock UnitsF5 | $0.00 | Jan 30, 2017 | M | 73,663 | D | — | — | Common stock | 73,663 | 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, 2016 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.
- F4Restricted 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.
- F5Performance 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.