SEC Form 4 · accession 0001140361-17-047006
DYNEGY INC. · DYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Henry D. Jones
Officer — EVP & Chief Commercial Officer
Period of report
Dec 19, 2017
Accepted (ET)
Dec 21, 2017 · 4:36 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 StockF2,F3 | Dec 19, 2017 | F | 1,633 | $11.47 | D | 98,220 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 19, 2017, the Dynegy Board of Directors (the "Board") approved the acceleration of vesting of restricted stock units granted in 2015 that were otherwise scheduled to vest on March 3, 2018. The Board approved the accelerated vesting, and the related withholding of shares to pay taxes, in order to mitigate potential adverse tax consequences of Section 280G of the Internal Revenue Code in connection with the pending merger of Dynegy Inc. with and into Vistra Energy Corp. The reported disposition represents the withholding of shares to cover tax obligations arising from the acceleration of 3,854 restricted stock units on December 19, 2017.
- F2Reflects the closing stock price on December 19, 2017.
- F3Amount includes 39,277 restricted stock units that vest in three annual equal installments beginning on March 1, 2018.