SEC Form 4 · accession 0001140361-15-014349
DYNEGY INC. · DYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mario E Alonso
Officer — EVP-Strategic Planning & Dev
Period of report
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 3:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001379895
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 1, 2015 | A | 16,502 | $0.00 | A | 36,971 | D | |
| Common StockF2 | Apr 2, 2015 | M | 3,496 | — | A | 40,467 | D | |
| Common StockF3 | Apr 2, 2015 | D | 3,496 | $31.29 | D | 36,971 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4 | — | Apr 2, 2014 | M | 3,496 | A | — | — | Common Stock | 3,496 | 0 | D |
Explanation of responses
- F1The grants of restricted stock units were approved by a committee of the Issuer's Board of Directors on April 1, 2015.
- F2Restricted stock unit grant pursuant to Rule 16b-3(d). Each restricted stock unit represents a contingent right to receive one share of Dynegy Inc. common stock. The restricted stock units vest in three annual installments beginning on April 1, 2016.
- F3Amount includes 1357 restricted stock units that vest on October 29, 2015, 1,623 restricted stock units that vest on March 18, 2016, 4,053 restricted stock units that vest in two annual equal installments beginning on March 3, 2016, 7,710 restricted stock units that vest in three annual equal installments beginning on March 3, 2016, and 16,502 restricted stock units that vest in three annual equal installments beginning on April 1, 2016.
- F4Each unit of phantom stock is the economic equivalent of one share of common stock. The units of phantom stock become payable in cash within 30 days after the vesting date, April 2, 2015. On April 2, 2015, 3496 phantom stock units vested and were settled in cash based upon the closing stock price of $31.29 on April 2, 2015.