SEC Form 4 · accession 0000899243-18-014986
WESTAR ENERGY INC /KS · WR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Ruelle
Officer — President and CEO · Director
Period of report
Jun 4, 2018
Accepted (ET)
Jun 4, 2018 · 5:56 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 | 102,245 | $0.00 | A | 273,300 | D | |
| Common Stock, Par Value $5.00 | Jun 4, 2018 | F | 80,050 | $55.8925 | D | 193,250 | D | |
| Common Stock, Par Value $5.00F4 | Jun 4, 2018 | D | 193,250 | $55.08 | D | 0 | D | |
| Common Stock, Par Value $5.00F4 | Jun 4, 2018 | D | 18,317 | $55.08 | D | 0 | I | Living Trust of Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Vesting of 102,245 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 80,050 shares for the payment of taxes upon the vesting and distribution of 180,495 time-based and performance-based restricted share units granted on 2/24/16, 2/26/17 and 2/21/18.
- F3Shares of Westar Energy, Inc. stock 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.
- F4Solely 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).