SEC Form 4 · accession 0000354707-18-000015
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
Jan 31, 2018
Accepted (ET)
Feb 2, 2018 · 7:08 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, 2018 | A | 20,268 | $0.00 | A | 83,551 | D | |
| Common StockF3 | holding | — | — | — | 506,932 | I | By Constance Lau Trust | |
| Common StockF4 | holding | — | — | — | 113 | I | By 401k |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of 20,268 restricted stock units on January 31, 2018. 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.
- F2This number includes accrued dividend equivalents (as denominated in shares of HE common stock) from February 5, 2014 (first RSU grants in 2014) to date. Dividend equivalents accrue with respect to outstanding RSUs when and as dividends are paid on HE stock. Accrued dividend equivalents are denominated in HE common stock and paid upon vesting in shares of HE common stock.
- F3Includes shares acquired under the Hawaiian Electric Industries, Inc. Dividend Reinvestment and Stock Purchase Plan and shares previously acquired by the reinvestment of dividends.
- F4Represents 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 January 12, 2018.
Remarks
Remarks: Exhibit List Exhibit 24 - Power of Attorney