SEC Form 4 · accession 0001127602-16-050790
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
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 4:09 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 Value | Apr 29, 2016 | M | 23,274 | $11.00 | A | 1,891,371 | D | |
| Common Stock Without Par ValueF1 | Apr 29, 2016 | S | 23,274 | $43.9083 | D | 1,868,097 | 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,F3 | $11.00 | Apr 29, 2016 | M | 23,274 | D | — | Aug 16, 2016 | Common Stock Without Par Value | 23,274 | 3,130,371 | D |
Explanation of responses
- F1The weighted average sales price is $43.9083. Sale prices ranged from $43.90 to $43.94.
- F2The options vest in five equal installments on August 16, 2007, 2008, 2009, 2010 and 2011.
- F3These stock options become exercisable in five equal annual installments beginning on the first anniversary of the grant date so long as the recipient remains an employee.