SEC Form 4 · accession 0001127602-15-018155
ITC Holdings Corp. · ITC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph L Welch
Officer — Chairman, President & CEO · Director
Period of report
May 19, 2015
Accepted (ET)
May 21, 2015 · 5:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001317630
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock Without Par ValueF1 | May 19, 2015 | A | 14,819 | $0.00 | A | 1,472,238 | D | |
| Common Stock Without Par Value | holding | — | — | — | 377,700 | I | Held by Spouse's Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $35.91 | May 19, 2015 | A | 140,044 | A | — | May 19, 2025 | Common Stock Without Par Value | 140,044 | 140,044 | D |
Explanation of responses
- F1This is a grant of restricted stock with a three year cliff vest provision.
- F2These stock options were granted on May 19, 2015 and become exercisable in three equal installments beginning on the first anniversary of the grant date so long as the recipient remains an employee.