SEC Form 4 · accession 0000066756-15-000089
ALLETE INC · ALE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J McMillan
Officer — SVP - External Affairs
Period of report
Aug 12, 2015
Accepted (ET)
Aug 13, 2015 · 3:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000066756
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 12, 2015 | M | 4,365 | $44.15 | A | 19,508 | D | |
| Common StockF2 | Aug 12, 2015 | S | 4,365 | $50.74 | D | 15,143 | D | |
| Common StockF3 | holding | — | — | — | 11,620 | I | By RSOP Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option-Right to BuyF4 | $44.15 | Aug 12, 2015 | M | 4,365 | D | — | Feb 1, 2016 | Common Stock | 4,365 | 0 | D |
Explanation of responses
- F1Includes shares acquired in exempt transactions under ALLETE's employee stock purchase plan, the dividend reinvestment feature of ALLETE's stock purchase and dividend reinvestment plan, and the dividend equivalent feature of restricted stock grants pursuant to ALLETE's executive long-term incentive compensation plan, all based on plan information available as of July 31, 2015
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.70-$50.76, inclusive. The reporting person undertakes to provide to ALLETE, any security holder of ALLETE, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range provided above.
- F3Includes shares acquired in exempt transactions under ALLETE's retirement savings and stock ownership plan (RSOP) and is based on RSOP plan information available as of July 31, 2015.
- F4Option vested in three equal installments; one-third vested on February 1, 2007, one-third on February 1, 2008 and one -third on February 1, 2009.