SEC Form 4 · accession 0001404409-16-000117

TECO ENERGY INC · TE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jul 1, 2016

Accepted (ET)

Jul 5, 2016 · 4:18 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000350563

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	May 31, 2016	G	1,637	$0.00	D	567,631	D
Common Stock	Jun 20, 2016	G	3,473	$0.00	D	564,158	D
Common Stock	Jun 27, 2016	G	76	$0.00	D	564,082	D
Common Stock^F1	Jul 1, 2016	D	564,082	$27.55	D	0	D
Common Stock^F1	Jul 1, 2016	D	96,091	$27.55	D	0	I	By CH Rankin Grantor Trust
Common Stock^F1	Jul 1, 2016	D	67,979	$27.55	D	0	I	By TL Rankin Jr. Grantor Trust
Common Stock^F2,F1	Jul 1, 2016	D	1,343	$27.55	D	0	I	By Wife

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Stock Units^F3	—	Jul 1, 2016	D	62,430	D	—	—	Common Stock	62,430	0	D
Restricted Stock Units^F4	—	Jul 1, 2016	D	2,885	D	—	—	Common Stock	2,885	0	D

F1Reflects the disposition of shares and restricted shares pursuant to the Agreement and Plan of Merger by and among TECO Energy, Inc., Emera Inc. and Emera US Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, as of the effective date of the merger (July 1, 2016), the outstanding shares of TECO common stock were cancelled and converted automatically into the right to receive (without interest, and less any applicable holdings) $27.55 in cash per share (the "Per-Share Merger Consideration".)
F2The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F3Reflects the disposition of Phantom Stock Units under the Directors' Deferred Compensation Plan. Pursuant to the Merger Agreement, as of the effective date of the merger, the Phantom Stock Units were converted into an amount of cash equal to the Per-Share Merger Consideration.
F4Reflects the disposition of Restricted Stock Units pursuant to the Merger Agreement. Pursuant to the Merger Agreement, as of the effective date of the merger, the Restricted Stock Units vested and were cancelled and converted into the right to receive a lump-sum cash payment (paid as promptly as practicable following the effective date of the merger) equal to the Per-Share Merger Consideration (plus any accrued dividends).