SEC Form 4 · accession 0001209191-16-093482
American Water Works Company, Inc. · AWK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter Lynch
Officer — EVP and COO
Period of report
Jan 22, 2016
Accepted (ET)
Jan 25, 2016 · 8:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001410636
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 22, 2016 | M | 9,734 | $0.00 | A | 81,543 | D | |
| Common Stock | Jan 22, 2016 | A | 7,954 | $0.00 | A | 89,497 | D | |
| Common Stock | Jan 22, 2016 | F | 7,325 | $62.44 | D | 82,172 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF3,F2,F4 | — | Jan 22, 2016 | A | 4,172 | A | — | Dec 31, 2015 | Common Stock | 4,172 | 9,734 | D |
| Performance Stock UnitsF5,F2,F4 | — | Jan 22, 2016 | M | 9,734 | D | — | Dec 31, 2015 | Common Stock | 9,734 | 0 | D |
Explanation of responses
- F1Includes an aggregate of 146 shares purchased under the American Water Works Company, Inc. Employee Stock Purchase Plan that were inadvertently omitted from certain of the reporting person's prior Form 4s.
- F2Each performance stock unit represented a contingent right to receive one share of common stock of American Water Works Company, Inc. (the "Company"), based on the Company's annual relative total stockholder return over a three-year performance period, beginning on January 1, 2013 and ending December 31, 2015.
- F3Represents the above-target earned portion of the TSR performance stock unit. In 2013, the Company granted 5,562 performance stock units, equal to the number of shares to be received if target performance was achieved.
- F4Represents the end of the performance period to which the performance stock units relate.
- F5Represents the earned portion of the TSR performance stock units, including target units granted in 2013 and above-target units earned based on TSR performance. The number of TSR performance stock units earned was 175 percent of the target.