SEC Form 4 · accession 0001415889-15-000262
PEPCO HOLDINGS LLC · POM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick J Boyle
Officer — SENIOR VICE PRESIDENT AND CFO
Period of report
Jan 22, 2015
Accepted (ET)
Jan 23, 2015 · 5:46 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,F2 | Jan 22, 2015 | A | 23,477 | $0.00 | A | 67,645 | D | |
| Common Stock | holding | — | — | — | 1,592 | I | By 401(k) plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares represent restricted stock units (RSUs), including dividend equivalents, awarded on January 22, 2015 under the Pepco Holdings, Inc. (PHI) 2012 Long-Term Incentive Plan (LTIP) which may be settled solely by delivery of one share of PHI common stock per RSU (and may not be settled in cash). This award is subject to forfeiture if the employment of the executive terminates before January 22, 2018, except as otherwise provided under the terms of the LTIP and the RSU award agreement. When a dividend is paid on the PHI common stock, the RSU balance will be credited with additional RSUs equal to the per share amount of the dividend multiplied by the number of RSUs divided by the market price of the common stock on the trading day immediately prior to the dividend payment date. Dividend credits will vest only to the extent the related RSUs vest.
- F2Includes 46,158 time-based RSUs (described generically in footnote 1), including pursuant to the crediting of dividend equivalents, held by the reporting person as of the date of this report.