SEC Form 4 · accession 0001109357-17-000086
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
Nov 2, 2017
Accepted (ET)
Nov 3, 2017 · 4:34 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 | Nov 2, 2017 | M | 519,316 | $39.24 | A | 886,965 | D | |
| Common StockF2 | Nov 2, 2017 | S | 519,316 | $40.50 | D | 367,649 | D | |
| Common Stock (401k Shares)F3 | holding | — | — | — | 2,091 | D | ||
| Common StockF5 | holding | — | — | — | 10,000 | I | By Lizzie Mae, LLC | |
| Common Stock (Deferred stock units) | holding | — | — | — | 16,676 | 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 Options 02/24/2012F4 | $39.24 | Nov 2, 2017 | M | 519,316 | D | — | Mar 1, 2018 | Common Stock | 519,316 | 0 | D |
Explanation of responses
- F1Exercise and sale were made pursuant to a Rule 10b5-1 trading plan entered into on June 16, 2017.
- F2Shares were sold in lots ranging in price from $40.25 to $40.78. 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.
- F3Shares held as of September 30, 2017 in a multi-fund 401(k) Plan to be settled in cash upon the reporting person's request for a distribution on a 1:1 basis. Balance is updated to reflect the additional shares acquired in the account though the automatic dividend reinvestment feature of the 401(k) plan.
- F4Exercise of fully-vested non-qualified employee stock option originally granted by Constellation Energy Group that vested and was converted pursuant to the Merger Agreemen 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.
- F5The reporting person is a manager of Lizzie Mae, LLC, whose members are trusts for the benefit of the reporting person's children. 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