SEC Form 4 · accession 0001209191-15-051977
Talen Energy Corp · TLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy S. Rausch
Officer — SVP & Chief Nuclear Officer
Period of report
Jun 8, 2015
Accepted (ET)
Jun 10, 2015 · 6:02 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 8, 2015 | A | 16,504 | $0.00 | A | 21,163 | D | |
| Common StockF2 | Jun 8, 2015 | J | 7 | $18.94 | D | 0 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F3 | $19.00 | Jun 8, 2015 | A | 63,970 | A | — | Jun 8, 2025 | Common Stock | 63,970 | 63,970 | D |
Explanation of responses
- F1Reflects a grant of restricted stock units that vests in full on June 8, 2018.
- F2Reflects shares of common stock of the Issuer held in the PPL Corporation Employee Stock Ownership Plan (the "PPL ESOP") as a result of the spinoff of the Issuer from PPL Corporation. The reported sale reflects a mandatory disposition by the trustee of the PPL ESOP of the shares received in connection with the spinoff of the Issuer from PPL Corporation.
- F3The options vest in three equal annual installments beginning on June 8, 2016.