SEC Form 4 · accession 0001127602-16-054130
ITC Holdings Corp. · ITC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Soneral Christine Mason
Officer — SVP & General Counsel
Period of report
May 27, 2016
Accepted (ET)
Jun 1, 2016 · 4:15 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 27, 2016 | S | 3,063 | $44.53 | D | 26,845 | D | |
| Common Stock Without Par Value | May 27, 2016 | M | 4,436 | $36.73 | A | 31,281 | D | |
| Common Stock Without Par Value | May 27, 2016 | F | 3,913 | $44.39 | D | 27,368 | D | |
| Common Stock Without Par Value | May 27, 2016 | M | 10,746 | $35.91 | A | 38,114 | D | |
| Common Stock Without Par Value | May 27, 2016 | F | 9,342 | $44.39 | D | 28,772 | D | |
| Common Stock Without Par Value | May 27, 2016 | M | 5,553 | $29.31 | A | 34,325 | D | |
| Common Stock Without Par ValueF2 | May 27, 2016 | S | 5,553 | $44.55 | D | 28,772 | 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 | $36.73 | May 27, 2016 | M | 4,436 | D | — | May 20, 2024 | Common Stock Without Par Value | 4,436 | 4,436 | D |
| Employee Stock Option (Right to Buy)F4 | $35.91 | May 27, 2016 | M | 10,746 | D | — | May 19, 2025 | Common Stock Without Par Value | 10,746 | 21,491 | D |
| Employee Stock Option (Right to Buy)F5 | $29.31 | May 27, 2016 | M | 5,553 | D | — | May 14, 2023 | Common Stock Without Par Value | 5,553 | 0 | D |
Explanation of responses
- F1The weighted average sales price was $44.532. The sale prices range from $44.52 to $44.54.
- F2The weighted average sales price was $44.547. The sale prices range from $44.525 to $44.610.
- F3These stock options were granted on May 20, 2014 and become exercisable in three equal installments beginning on the first anniversary of the grant date so long as the recipient remains an employee.
- F4These 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.
- F5These stock options were granted on May 14, 2013. 5,550 stock options become exercisable on May 14, 2015 and 5,553 stock options become exercisable on May 14, 2016 so long as the recipient remains an employee.