SEC Form 4 · accession 0001398889-16-000258
AMERICAN ELECTRIC POWER CO INC · AEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas K Akins
Officer — President, CEO
Period of report
May 2, 2016
Accepted (ET)
May 3, 2016 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000004904
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F4 | May 2, 2016 | M | 16,332 | $64.77 | A | 73,866 | D | |
| Common StockF4 | May 2, 2016 | F | 7,832 | $64.77 | D | 66,034 | D | |
| Common StockF4 | May 2, 2016 | D | 8,500 | $64.77 | D | 57,534 | D | |
| Common StockF2,F4 | May 2, 2016 | M | 15,864 | $64.77 | A | 73,398 | D | |
| Common StockF4 | May 2, 2016 | F | 7,607 | $64.77 | D | 65,791 | D | |
| Common StockF4 | May 2, 2016 | D | 8,257 | $64.77 | D | 57,534 | D | |
| Common StockF3,F4 | May 2, 2016 | M | 11,894 | $64.77 | A | 69,428 | D | |
| Common StockF4 | May 2, 2016 | F | 5,703 | $64.77 | D | 63,725 | D | |
| Common StockF4 | May 2, 2016 | D | 6,191 | $64.77 | D | 57,534 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F1 | — | May 2, 2016 | M | 16,332 | A | May 2, 2016 | May 2, 2016 | Common Stock | 16,332 | 0 | D |
| Restricted Stock UnitsF4,F2 | — | May 2, 2016 | M | 15,864 | A | May 2, 2016 | May 2, 2016 | Common Stock | 15,864 | 0 | D |
| Restricted Stock UnitsF4,F3 | — | May 2, 2016 | M | 11,894 | A | May 2, 2016 | May 2, 2016 | Common Stock | 11,894 | 0 | D |
Explanation of responses
- F1A portion of Mr. Akins' restricted stock units (16,332) that were granted on 2/26/2013 vested on 5/2/2016. Upon vesting, 7,832 restricted stock units were withheld to satisfy the reporting person's tax liability and the remaining restricted stock units were settled in cash.
- F2A portion of Mr. Akins' restricted stock units (15,864) that were granted on 12/10/2013 vested on 5/2/2016. Upon vesting, 7,607 restricted stock units were withheld to satisfy the reporting person's tax liability and the remaining restricted stock units were settled in cash.
- F3A portion of Mr. Akins' restricted stock units (11,894) that were granted on 2/24/2015 vested on 5/2/2016. Upon vesting, 5,703 restricted stock units were withheld to satisfy the reporting person's tax liability and the remaining restricted stock units were settled in cash.
- F4Value is based on 20 day average closing price of $64.77