SEC Form 4 · accession 0001236304-15-000028
WESTAR ENERGY INC /KS · WR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerl L. Banning
Officer — SVP, Oper. Support & Admin.
Period of report
Jan 20, 2015
Accepted (ET)
Jan 21, 2015 · 9:59 am EST
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 $5.00F2 | Jan 20, 2015 | A | 2,549 | $0.00 | A | 13,922 | D | |
| Common Stock Par Value $5.00F2 | Jan 20, 2015 | F | 807 | $41.685 | D | 13,115 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Vesting of 2,549 performance-based restricted share units that were granted on February 23, 2012, with a vesting date of January 1, 2015. Under the terms of the grant, the number of shares to be received by the Reporting Person 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. 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 January 20, 2015.
- F2Includes 8,850 restricted share units that are subject to forfeiture.
- F3Forfeiture of 807 shares for the payment of taxes upon the vesting of 2,549 performance-based restricted share units granted on 2/23/2012 and described in this report.