SEC Form 4 · accession 0001209191-15-051326
Talen Energy Corp · TLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip G Cox
Director
Period of report
Jun 5, 2015
Accepted (ET)
Jun 9, 2015 · 2:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001622536
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 5, 2015 | M | 1,072 | $0.00 | A | 1,072 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitF1,F2 | — | Jun 5, 2015 | M | 1,073 | D | — | — | Common Stock | 1,073 | 0 | D |
Explanation of responses
- F1Reflects securities acquired in the spinoff of the Issuer from PPL Corporation.
- F2Reflects shares that the Issuer was obligated to issue under a director deferred compensation plan. As a result of the Reporting Person's resignation as a director of PPL Corporation, which resignation was effective upon the spinoff of the Issuer from PPL Corporation, the stock units converted into shares of Issuer common stock on June 5, 2015. The reporting person shall receive cash in lieu of a fractional share. No conversion or exercise price applied.