SEC Form 4 · accession 0000354707-17-000006
HAWAIIAN ELECTRIC INDUSTRIES INC · HE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan M. Oshima
Officer — Pres & CEO, Hawn Electric
Period of report
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 8:52 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,F2 | Jan 31, 2017 | A | 12,728 | $0.00 | A | 37,720 | D | |
| Common StockF3,F2 | Jan 31, 2017 | A | 6,956 | $0.00 | A | 44,676 | D | |
| Common StockF4 | holding | — | — | — | 26,603 | I | By Alan M Oshima & JoAnn R Oshima Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of 12,728 restricted stock units on January 31, 2017. 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.
- F2Includes 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. 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 (first RSU grants in 2013) to date.
- F3Shares awarded under the Company's Long-Term Incentive Plan for 2014-2016 performance period.
- F4Includes shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan.