SEC Form 4 · accession 0001410636-18-000027
American Water Works Company, Inc. · AWK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deborah A Degillio
Officer — President, AWE
Period of report
Jan 25, 2018
Accepted (ET)
Jan 29, 2018 · 6:28 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 Stock | Jan 25, 2018 | M | 1,136 | $0.00 | A | 3,719 | D | |
| Common StockF1 | Jan 25, 2018 | A | 862 | $0.00 | A | 4,581 | D | |
| Common Stock | Jan 25, 2018 | F | 707 | $84.53 | D | 3,874 | 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 UnitF3,F2,F4 | — | Jan 25, 2018 | A | 487 | A | — | Dec 31, 2017 | Common Stock | 487 | 1,136 | D |
| Performance Stock UnitF5,F2,F4 | — | Jan 25, 2018 | M | 1,136 | D | — | Dec 31, 2017 | Common Stock | 1,136 | 0 | D |
Explanation of responses
- F1Represents shares vested pursuant to an award of performance stock units (PSUs) granted in February 2015 under the American Water Works Company, Inc. 2007 Omnibus Equity Compensation Plan (the "Plan"). This award vested on January 25, 2018. PSUs are settled solely by the delivery of one share of common stock per PSU (and may not be settled in cash).
- F2Each PSU represented a contingent right to receive one share of Company common stock, based in part on the Company's annual relative total stockholder return (TSR) over a three-year performance period, beginning on January 1, 2015 and ending December 31, 2017.
- F3Represents the above-target earned portion of the TSR performance stock unit. In 2015, the Company granted 649 PSUs under the Plan, equal to the number of shares to be received if target performance was achieved.
- F4Represents the end of the performance period to which the PSUs relate. This award vested on January 25, 2018.
- F5Represents the earned portion of the TSR performance stock units, including target units granted in 2015 and above-target units earned based on TSR performance. The number of TSR performance stock units earned was 175 percent of the target.