SEC Form 4 · accession 0000354707-15-000008
HAWAIIAN ELECTRIC INDUSTRIES INC · HE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Alan M. Oshima
Officer — Pres & CEO, Hawn Electric
Period of report
Feb 6, 2015
Accepted (ET)
Feb 10, 2015 · 9:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000354707
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 6, 2015 | A | 8,395 | $0.00 | A | 19,823 | D | |
| Common StockF2 | Feb 6, 2015 | A | 3,728 | $0.00 | A | 23,551 | D | |
| Common StockF3,F4 | Feb 6, 2015 | F | 2,316 | $33.74 | D | 21,926 | D | |
| Common StockF4 | Feb 6, 2015 | G | 4,455 | $0.00 | D | 17,471 | D | |
| Common StockF6 | Feb 6, 2015 | G | 4,455 | $0.00 | A | 17,592 | I | By Alan M Oshima Trust |
| Common StockF7 | holding | — | — | — | 100 | I | By 401K |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of 8,395 restricted stock units on February 6, 2015. Each restricted stock unit represents a contingent right to receive one share of HEI common stock. The restricted stock units will vest in annual installments over four years.
- F2Shares awarded under the Company's Long-Term Incentive Plan for 2012-2014 performance period.
- F3Closing stock price on February 6, 2015.
- F4Includes accrued dividend equivalents (as denominated in shares of HE common stock). Dividend equivalents accrue with respect to outstanding RSUs when and as dividends are paid on HE common stock. Beginning with RSUs granted to Mr. Oshima in 2013, accrued dividend equivalents are denominated in HE common stock and paid upon vesting in shares of HE common stock. This number includes accrued dividend equivalents (as denominated in shares of HE common stock) from February 4, 2013 to date.
- F5Transfer of shares to Trust.
- F6Includes shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan.
- F7Represents shares held in the form of stock units in the HEI Common Stock fund pursuant to the Hawaiian Electric Industries Retirement Savings Plan as of February 5, 2015.