SEC Form 4 · accession 0001415889-16-005287
PEPCO HOLDINGS LLC · POM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lester P Silverman
Director
Period of report
Mar 23, 2016
Accepted (ET)
Mar 24, 2016 · 5:25 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 | 12,197 | $27.25 | D | 0 | D | |
| Common StockF1 | Mar 23, 2016 | D | 1,000 | $27.25 | D | 0 | I | By spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2 | — | Mar 23, 2016 | D | 29,074 | D | — | — | Common Stock | 29,074 | 0 | D |
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 share was cancelled and converted into the right to receive $27.25.