SEC Form 4 · accession 0001209191-16-090330
Talen Energy Corp · TLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stuart E Graham
Director
Period of report
Jan 5, 2016
Accepted (ET)
Jan 7, 2016 · 3:04 pm EST
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 | Jan 5, 2016 | M | 1,906 | $0.00 | A | 4,416 | 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 | — | Jan 5, 2016 | M | 1,907 | D | — | — | Common Stock | 1,907 | 0 | 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 converted into shares of Issuer common stock on January 5, 2016. The reporting person shall receive cash in lieu of a fractional share. No conversion or exercise price applied.