SEC Form 4 · accession 0001398889-17-000087
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 1, 2017
Accepted (ET)
May 3, 2017 · 11:19 am 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 1, 2017 | M | 16,440 | $67.64 | A | 73,973 | D | |
| Common StockF4 | May 1, 2017 | F | 7,883 | $67.64 | D | 66,090 | D | |
| Common StockF4 | May 1, 2017 | D | 8,557 | $67.64 | D | 57,533 | D | |
| Common StockF2,F4 | May 1, 2017 | M | 12,326 | $67.64 | A | 69,859 | D | |
| Common StockF4 | May 1, 2017 | F | 5,910 | $67.64 | D | 63,949 | D | |
| Common StockF4 | May 1, 2017 | D | 6,416 | $67.64 | D | 57,533 | D | |
| Common StockF3,F4 | May 1, 2017 | M | 9,328 | $67.64 | A | 66,861 | D | |
| Common StockF4 | May 1, 2017 | F | 4,472 | $67.64 | D | 62,389 | D | |
| Common StockF4 | May 1, 2017 | D | 4,856 | $67.64 | D | 57,533 | 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 1, 2017 | M | 16,440 | A | May 1, 2017 | May 1, 2017 | Common Stock | 16,440 | 0 | D |
| Restricted Stock UnitsF4,F2 | — | May 1, 2017 | M | 12,326 | A | May 1, 2017 | May 1, 2017 | Common Stock | 12,326 | 0 | D |
| Restricted Stock UnitsF4,F3 | — | May 1, 2017 | M | 9,328 | A | May 1, 2017 | May 1, 2017 | Common Stock | 9,328 | 0 | D |
Explanation of responses
- F1A portion of Mr. Akins' restricted stock units (16,440) that were granted on 12/10/2013 vested on 5/1/2017. Upon vesting, 7,883 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 (12,326) that were granted on 2/24/2015 vested on 5/1/2017. Upon vesting, 5,910 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 (9,328) that were granted on 2/23/2016 vested on 5/1/2017. Upon vesting, 4,472 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 $67.64.