SEC Form 4 · accession 0000354707-15-000019
HAWAIIAN ELECTRIC INDUSTRIES INC · HE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Constance H Lau
Officer — President & CEO · Director
Period of report
Mar 11, 2015
Accepted (ET)
Mar 13, 2015 · 9:48 pm EDT
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 | Mar 11, 2015 | M | 50,000 | $26.18 | A | 143,619 | D | |
| Common StockF2,F1 | Mar 11, 2015 | D | 40,925 | $31.985 | D | 102,694 | D | |
| Common StockF2,F1,F3 | Mar 11, 2015 | F | 4,523 | $31.985 | D | 101,623 | D | |
| Common StockF1,F3 | Mar 11, 2015 | G | 4,551 | $0.00 | D | 97,072 | D | |
| Common StockF1 | Mar 11, 2015 | G | 4,551 | $0.00 | A | 386,969 | I | By Constance Lau Trust |
| Common StockF5 | holding | — | — | — | 101 | I | By 401k |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $26.18 | Mar 11, 2015 | M | 50,000 | D | Apr 7, 2009 | Apr 7, 2015 | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1Includes shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan.
- F2Average high/low stock price on March 11, 2015.
- F3Includes 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 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.
- F4Transfer of shares to Trust.
- F5Represents 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 March 10, 2015.