SEC Form 4 · accession 0001209191-15-051348
Talen Energy Corp · TLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stuart E Graham
Director
Period of report
Jun 5, 2015
Accepted (ET)
Jun 9, 2015 · 3:08 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 | 1,886 | $0.00 | A | 2,510 | 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 | — | Jun 5, 2015 | M | 1,887 | D | — | — | Common Stock | 1,887 | 1,907 | D |
Explanation of responses
- F1Reflects 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 convert into shares of Issuer common stock as follows: (a) 1,886.734 on June 5, 2015, and (b) the remaining stock units on January 5, 2016. The reporting person shall receive cash in lieu of a fractional share. No conversion or exercise price applies.