SEC Form 4 · accession 0001415889-15-001802
PEPCO HOLDINGS LLC · POM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barbara J Krumsiek
Director
Period of report
May 15, 2015
Accepted (ET)
May 19, 2015 · 4:35 pm EDT
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 | May 15, 2015 | A | 2,545 | — | A | 23,422 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a director award of 2,544.5293 restricted stock units (RSUs) granted on May 15, 2015 under the Pepco Holdings, Inc. (PHI) 2012 Long-Term Incentive Plan. The award is to vest in shares of PHI common stock on the first to occur of one year after the date of grant and the next annual meeting of stockholders, subject to (i) any deferral of settlement at the election of the reporting person and (ii) potential acceleration of vesting or forfeiture of the award in accordance with the terms of the applicable director 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 director awards of 5,307.2701 RSUs previously granted under the 2012 Long-Term Incentive Plan under substantially similar terms, the settlement of which (including related dividend equivalents) has been deferred by the reporting person until January 31, 2018. This form corrects an over-reporting of 126 shares on the reporting person's Form 4 filed on May 20, 2014.