SEC Form 4 · accession 0001236304-16-000081
WESTAR ENERGY INC /KS · WR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce A Akin
Officer — SVP, Power Delivery
Period of report
Jan 14, 2016
Accepted (ET)
Jan 15, 2016 · 10:55 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 14, 2016 | A | 7,784 | $0.00 | A | 39,480 | D | |
| Common Stock Par Value $5.00F2 | Jan 14, 2016 | F | 2,480 | $42.6225 | D | 37,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Vesting of 7,784 performance-based restricted share units that were granted on February 28, 2013, with a vesting date of January 1, 2016. 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 14, 2016.
- F2Includes 7,890 restricted share units that are subject to forfeiture.
- F3Forfeiture of 2,480 shares for the payment of taxes upon the vesting of 7,784 performance-based restricted share units granted on 2/28/13.