SEC Form 4 · accession 0001109357-17-000054

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

Jun 9, 2017

Accepted (ET)

Jun 13, 2017 · 10:44 am 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	Jun 9, 2017	M	200,000	$32.46	A	567,649	D
Common Stock^F1	Jun 9, 2017	S	200,000	$36.47	D	367,649	D
Common Stock	Jun 12, 2017	M	265,892	$32.46	A	633,541	D
Common Stock^F3,F2	Jun 12, 2017	S	265,892	$36.56	D	367,649	D
Common Stock (401k Shares)^F4	holding	—	—		—	2,075	D
Common Stock^F5	holding	—	—		—	10,000	I	By Lizzie Mae, LLC
Common Stock (Deferred stock units)^F6	holding	—	—		—	14,603	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
NQ Stock Option 02/25/2011^F3	$32.46	Jun 9, 2017	M	200,000	D	—	Mar 1, 2018	Common Stock	200,000	265,892	D
NQ Stock Option 02/25/2011^F3	$32.46	Jun 12, 2017	M	265,892	D	—	Mar 1, 2018	Common Stock	265,892	0	D

Explanation of responses

F1Shares were sold in lots ranging in price from $36.33 to $36.61. The filer undertakes to provide upon request by the SEC Staff, the issuer, or a security holder of the issuer, full information rgarding the number of shares purchased or sold at each separate price.
F2Shares were sold in lots ranging in price from $36.40 to $36.88. The filer undertakes to provide upon request by the SEC Staff, the issuer, or a security holder of the issuer, full information rgarding the number of shares purchased or sold at each separate price.
F3Exercise of fully-vested non-qualified employee stock options that expire on March 1, 2018. Options were originally granted by Constellation Energy Group that vested and were converted pursuant to the Merger Agreement. Each Constellation option was converted into an option to purchase Exelon common stock at the rate of 0.93 shares of Exelon common stock for each share of Constellation common stock at a strike price equal to the quotient of the original Constellation strike price and 0.93.
F4Shares held as of May 31, 2017 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.
F5Lizzie Mae, LLC, is a limited liability company of which the reporting person is the manager and to which the reporting person transferred 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.
F6Balance includes 129 shares acquired on June 9, 2017 through automatic dividend reinvestment.