SEC Form 4 · accession 0001127602-17-001452
EVERSOURCE ENERGY · ES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J May
Other
Period of report
Jan 9, 2017
Accepted (ET)
Jan 10, 2017 · 5:17 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 9, 2017 | S | 40,000 | $54.7892 | D | 1,842 | I | May Family Investments LLC |
| Common Shares, $5.00 par valueF4 | holding | — | — | — | 198,093 | D | ||
| Common Shares, $5.00 par valueF5 | holding | — | — | — | 71,171 | I | 401k Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF6 | — | holding | — | — | — | — | — | Common Shares, $5.00 par value | 52,875 | 52,875 | D |
Explanation of responses
- F1This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 9, 2016.
- F2The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.56 to $55.46, inclusive. The reporting person undertakes to provide Eversource Energy, any security holder of Eversource Energy, 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.
- F3Represents common shares held by a limited liability company, the members of which consist of the reporting person's spouse and a family trust for the benefit of certain members of the reporting person's family, of which the reporting person's spouse is a trustee. The reporting person disclaims beneficial ownership of these securities.
- F4Includes restricted share units and dividend equivalents thereon.
- F5Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper.
- F6Reporting Person's deferred compensation under the Eversource Deferred Compensation Plan, a non-qualified deferred compensation plan, that is nominally invested as common shares. Each phantom share represents the right to receive one Eversource Energy 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.