SEC Form 4 · accession 0001415889-15-000020
PEPCO HOLDINGS LLC · POM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura L. Monica
Officer — VICE PRESIDENT
Period of report
Aug 15, 2014
Accepted (ET)
Jan 5, 2015 · 7:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001135971
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 15, 2014 | M | 3,207 | — | A | 15,417 | D | |
| Common Stock | Aug 15, 2014 | F | 1,247 | $27.065 | D | 14,170 | D | |
| Common StockF2 | Dec 31, 2014 | A | 11,333 | — | A | 26,113 | D | |
| Common StockF3 | Dec 31, 2014 | F | 5,081 | $27.01 | D | 21,032 | D | |
| Common Stock | holding | — | — | — | 1,095 | I | By 401(k) 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 UnitsF1 | — | Aug 15, 2014 | M | 3,207 | D | — | — | Common Stock | 3,207 | 0 | D |
Explanation of responses
- F1Represents restricted stock units (RSUs), including dividend equivalents, awarded under the Pepco Holdings, Inc. (PHI) Long-Term Incentive Plan, which were subject to forfeiture if the executive's employment terminated before 8/15/2014, subject to certain exceptions. Each RSU not forfeited was settled by the delivery of one share of PHI common stock (and could not be settled in cash). When a dividend was paid on the PHI common stock, the RSU balance was credited with additional RSUs equal to the number of shares that could be purchased with the cash amount of the dividend at the then current market price. Dividend equivalents vested only to the extent the underlying RSUs vested.
- F2Represents shares vested, including dividend equivalents, pursuant to a performance-based award of RSUs granted in January 2012 under the PHI Long-Term Incentive Plan. This award vested on December 31, 2014. RSUs are settled solely by delivery of one share of PHI common stock per RSU (and may not be settled in cash).
- F3Includes RSUs awarded under the PHI 2012 Long-Term Incentive Plan which may be settled solely by delivery of one share of PHI common stock per RSU (and may not be settled for cash), including pursuant to the crediting of dividend equivalents, held by the reporting person as of the date of this report.