SEC Form 4 · accession 0001127602-16-051105
ITC Holdings Corp. · ITC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Linda H Blair
Officer — EVP & Chief Business Officer
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 4:05 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 | May 2, 2016 | M | 27,246 | $11.00 | A | 118,560 | D | |
| Common Stock Without Par ValueF1,F2 | May 2, 2016 | S | 27,246 | $44.3559 | D | 91,314 | D |
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)F3 | $11.00 | May 2, 2016 | M | 27,246 | D | — | Aug 16, 2016 | Common Stock Without Par Value | 27,246 | 0 | D |
Explanation of responses
- F1The weighted average sales price is $44.3559. The sales prices range from $44.325 to $44.41.
- F2Since the date of Linda's last report, 65,962 shares of ITC Holdings Corp. common stock was transferred to her ex-spouse pursuant to a domestic relations order. Linda no longer reports as beneficially owned any securities owned by her ex-spouse.
- 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.