SEC Form 4 · accession 0000066756-16-000174
ALLETE INC · ALE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Deborah A Amberg
Officer — SrVP, Gen. Counsel & Secretary
Period of report
Mar 9, 2016
Accepted (ET)
Mar 10, 2016 · 1:56 pm EST
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 Stock | Mar 9, 2016 | M | 5,531 | $48.65 | A | 15,579 | D | |
| Common Stock | Mar 9, 2016 | M | 9,191 | $39.10 | A | 24,770 | D | |
| Common StockF1 | Mar 9, 2016 | S | 14,722 | $55.90 | D | 10,048 | D | |
| Common StockF2 | holding | — | — | — | 14,597 | 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 BuyF3 | $48.65 | Mar 9, 2016 | M | 5,531 | D | — | Feb 1, 2017 | Common Stock | 5,531 | 0 | D |
| Employee Stock Option - Right to BuyF4 | $39.10 | Mar 9, 2016 | M | 9,191 | D | — | Feb 1, 2018 | Common Stock | 9,191 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.72-$56.04, 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.
- F2Includes shares acquired in exempt transactions under ALLETE's retirement savings and stock ownership plan (RSOP) based on RSOP plan information available as of February 29, 2016.
- F3This option vested in three equal installments on the first, second, and third anniversary of the February 1, 2007 grant date.
- F4This option vested in three equal installments on the first, second, and third anniversary of the February 1, 2008 grant date.