SEC Form 4 · accession 0001415889-16-005267
PEPCO HOLDINGS LLC · POM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph M Rigby
Officer — CHAIRMAN, PRESIDENT AND CEO · Director
Period of report
Mar 23, 2016
Accepted (ET)
Mar 24, 2016 · 5:12 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 | Mar 23, 2016 | D | 854,570 | $27.25 | D | 0 | D | |
| Common StockF1 | Mar 23, 2016 | D | 12,919 | $27.25 | D | 0 | I | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock Units - MSPPF2,F3 | — | Mar 23, 2016 | D | 4,338 | D | — | — | Common Stock | 4,338 | 0 | I |
Explanation of responses
- F1In connection with the consummation of the merger (the Merger) of a wholly owned subsidiary of Exelon Corporation with and into Pepco Holdings, Inc. (PHI) on March 23, 2016, each share of PHI common stock was canceled and converted into the right to receive $27.25 in cash, without interest.
- F2In connection with the Merger, each Phantom Stock Unit was converted into the right to receive $27.25 per unit in cash, subject to the terms and conditions of that certain Amended and Restated Agreement and Plan of Merger, dated July 18, 2014.
- F3All Phantom Stock Units vested as of January 2, 2005.