SEC Form 4 · accession 0001404409-16-000090
TECO ENERGY INC · TE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gordon L Gillette
Officer — President-Tampa Electric Co.
Period of report
Feb 3, 2016
Accepted (ET)
Feb 5, 2016 · 3:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000350563
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 3, 2016 | A | 8,239 | A | — | — | Common Stock | 8,239 | 8,239 | D |
| Performance-Based Restricted Stock UnitsF1,F3 | — | Feb 3, 2016 | A | 19,224 | A | — | — | Common Stock | 19,224 | 19,224 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of TECO Energy, Inc. common stock or the cash value thereof.
- F2The restricted stock units vest on Feb3, 2019, three years from the date of grant, or upon the closing of the transaction contemplated by the Agreement and Plan of Merger by and among TECO Energy, Inc., Emera Inc., and Emera US, Inc. as of Sept 4, 2015 (the "Merger Agreement").
- F3The performance-based restricted stock units vest based upon the satisfaction of performance criteria following the end of the performance period, Dec. 31, 2018, or upon the closing of the transaction contemplated by the Merger Agreement.