SEC Form 4 · accession 0000354707-15-000011
HAWAIIAN ELECTRIC INDUSTRIES INC · HE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A Ajello
Officer — EVP & CFO
Period of report
Feb 6, 2015
Accepted (ET)
Feb 10, 2015 · 9:42 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 | 8,299 | $0.00 | A | 77,218 | D | |
| Common StockF2 | Feb 6, 2015 | A | 8,779 | $0.00 | A | 85,997 | D | |
| Common StockF3,F4 | Feb 6, 2015 | F | 6,362 | $33.74 | D | 81,636 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of 8,299 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 stock. Beginning with RSUs granted in 2012, 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 3, 2012 (first RSU grants in 2012) to date.