SEC Form 4 · accession 0001415889-15-000036
PEPCO HOLDINGS LLC · POM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M Velazquez
Officer — EXECUTIVE VICE PRESIDENT
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 9:21 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 | Dec 31, 2014 | A | 33,732 | $0.00 | A | 134,413 | D | |
| Common StockF2 | Dec 31, 2014 | A | 11,862 | $0.00 | A | 146,275 | D | |
| Common StockF3 | Dec 31, 2014 | F | 17,176 | $27.01 | D | 129,099 | D | |
| Common Stock | holding | — | — | — | 75,787 | I | By 401(k) plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares vested, including dividend equivalents, pursuant to a performance-based award of restricted stock units (RSUs) granted in January 2012 under the Pepco Holdings, Inc. (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).
- F2Represents an award of performance-based restricted stock issued under the Pepco Holdings, Inc. 2012 Long-Term Incentive Plan, which restricted stock may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of except in accordance with the award agreement.
- F3Includes 24,606 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 in cash), including pursuant to the crediting of dividend equivalents, held by the reporting person as of the date of this report.