SEC Form 4 · accession 0001127602-15-001359
EVERSOURCE ENERGY · ES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Werner J Schweiger
Officer — Executive VP and COO
Period of report
Jan 5, 2015
Accepted (ET)
Jan 7, 2015 · 5:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000072741
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares, $5.00 par valueF2,F3 | Jan 5, 2015 | S | 12,499 | $53.6407 | D | 153,242 | D | |
| Common Shares, $5.00 par valueF3 | Jan 6, 2015 | S | 12,500 | $54.00 | D | 140,742 | D | |
| Common Shares, $5.00 par valueF4 | holding | — | — | — | 8,483 | I | 401k Plan (Trustee) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF5 | — | holding | — | — | — | — | — | Common Shares, $5.00 par value | 100,622 | 100,622 | D |
Explanation of responses
- F1This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 3, 2014.
- F2The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.60 to $53.75, inclusive. The reporting person undertakes to provide Northeast Utilities, any security holder of Northeast Utilities, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F3Includes restricted share units and dividend equivalents thereon.
- F4Shares held in trust under the Northeast Utilities Service Company 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper.
- F5Reporting Person's deferred compensation under the Northeast Utilities Deferred Compensation Plan for Executives, a non-qualified deferred compensation plan, that is nominally invested as common shares. Each phantom share represents the right to receive the cash value of one NU common share upon a distribution event, following vesting. Additional phantom shares are issued upon the automatic reinvestment of dividend-equivalents exempt from line item reporting under SEC Rule 16a-11.