SEC Form 4 · accession 0001236304-18-000023
WESTAR ENERGY INC /KS · WR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Ruelle
Officer — President & CEO · Director
Period of report
Jan 18, 2018
Accepted (ET)
Jan 19, 2018 · 11:27 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 18, 2018 | A | 33,375 | $0.00 | A | 189,762 | D | |
| Common Stock, par value $5.00F2 | Jan 18, 2018 | F | 14,802 | $52.825 | D | 174,960 | D | |
| Common Stock, par value $5.00 | holding | — | — | — | 18,317 | I | Living trust of spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Vesting of 33,375 performance-based restricted share units that were granted on February 25, 2015, with a vesting date of January 1, 2018. 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 18, 2018.
- F2Includes 52,655 restricted share units that are subject to forfeiture.
- F3Forfeiture of 14,802 shares for the payment of taxes upon the vesting of 33,375 performance-based restricted share units granted on 2/25/15.