SEC Form 4 · accession 0001140361-17-011247
DYNEGY INC. · DYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin W. Daley
Officer — EVP and COO
Period of report
Mar 8, 2017
Accepted (ET)
Mar 9, 2017 · 5:23 pm EST
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 | Mar 8, 2017 | M | 6,113 | — | A | 53,104 | D | |
| Common StockF3,F4 | Mar 8, 2017 | F | 2,897 | $7.62 | D | 50,207 | D | |
| Common StockF6 | Mar 8, 2017 | M | 294 | — | A | 798 | I | Spouse |
| Common Stock | Mar 8, 2017 | D | 294 | $7.62 | D | 504 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F5 | — | Mar 8, 2017 | M | 6,113 | D | — | — | Common Stock | 6,113 | 12,227 | D |
| Restricted Stock UnitsF6 | — | Mar 8, 2017 | M | 294 | D | — | — | Common Stock | 294 | 588 | I |
Explanation of responses
- F1Each restricted stock unit is the economic equivalent of one share of Dynegy Inc. common stock.
- F2These restricted stock units were withheld to pay the taxes applicable to the vesting of 6,113 units of restricted stock on March 8, 2017.
- F3Reflects closing stock price on March 8, 2017.
- F4Amount includes 2,355 restricted stock units that vest on March 3, 2018 and 31,422 restricted stock units that vest in three annual equal installments beginning on March 1, 2018.
- F5On March 8, 2016, the reporting person was granted 18,340 restricted stock units representing the contingent right to receive for each restricted stock unit one share of Dynegy Inc. common stock or the cash equivalent of one share of common stock. The restricted stock units vest in three annual equal installments beginning on March 8, 2017.
- F6Each restricted stock unit is the economic equivalent of one share of Dynegy Inc. common stock. The restricted stock units become payable in cash after the vesting date. On March 8, 2017, 294 restricted stock units vested and were settled in cash based upon the closing stock price of $7.62 on March 8, 2017.