SEC Form 4 · accession 0000899243-18-014963
WESTAR ENERGY INC /KS · WR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry D Irick
Officer — VP, Gen Counsel & Corp Sec
Period of report
Jun 4, 2018
Accepted (ET)
Jun 4, 2018 · 5:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000054507
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $5.00 | Jun 4, 2018 | A | 20,572 | $0.00 | A | 92,245 | D | |
| Common Stock, Par Value $5.00 | Jun 4, 2018 | F | 15,373 | $55.8925 | D | 76,872 | D | |
| Common Stock, Par Value $5.00 | Jun 4, 2018 | F | 87 | $55.8925 | D | 76,785 | D | |
| Common Stock, Par Value $5.00 | Jun 4, 2018 | F | 427 | $55.08 | D | 76,358 | D | |
| Common Stock, Par Value $5.00F6 | Jun 4, 2018 | D | 76,358 | $55.08 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Vesting of 20,572 performance-based restricted share units that were granted on 2/24/16, 2/26/17 and 2/21/18. Under the terms of the grants of performance-based restricted share units, the number of shares to be received at vesting is increased or decreased based on the Issuer's Total Shareholder Return as compared to the Total Shareholder Return for a defined Peer Group of companies for the defined Performance Period. Under the terms of a merger agreement between Westar Energy, Inc. and Great Plains Energy Incorporated, performance-based restricted share units vest on the merger closing date at the greater of the target award or the actual number based on the performance criteria. The determination that the performance criteria relating to the grant had been met and the calculation of the number of shares to be distributed were completed on 6/4/18.
- F2Forfeiture of 15,373 shares for the payment of taxes upon the vesting and distribution of 36,387 time-based and performance-based restricted share units granted on 2/24/16, 2/26/17 and 2/21/18.
- F3Forfeiture of 87 shares for the payment of taxes upon the distribution of deferred shares.
- F4Forfeiture of 427 shares for the payment of taxes upon the distribution of deferred stock for compensation shares.
- F5Shares of Westar Energy, Inc. stock and deferred Westar Energy, Inc. stock units were exchanged for shares of Evergy, Inc. stock pursuant to a merger agreement between Westar Energy, Inc. and Great Plains Energy Incorporated on a 1 to 1 basis.
- F6Solely for purposes of this filing, the estimated market value per share of Evergy, Inc. common stock on 6/4/18 was $55.08 per share (the closing stock price of the common stock of Westar Energy, Inc. as reported on the New York Stock Exchange on 6/1/18).