SEC Form 4 · accession 0001127602-17-008784
EVERSOURCE ENERGY · ES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph R Nolan Jr.
Officer — EVP-Customer & Corp Relations
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 7:49 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 valueF1,F2 | Feb 23, 2017 | A | 4,923 | $0.00 | A | 20,442 | D | |
| Common Shares, $5.00 par valueF3,F2 | Feb 23, 2017 | F | 1,791 | $56.15 | D | 18,651 | D | |
| Common Shares, $5.00 par valueF4,F2,F5 | Feb 24, 2017 | S | 6,282 | $58.279 | D | 12,369 | D | |
| Common Shares, $5.00 par valueF6 | holding | — | — | — | 17,373 | 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 SharesF7 | — | holding | — | — | — | — | — | Common Shares, $5.00 par value | 54,024 | 54,024 | D |
Explanation of responses
- F1Performance shares and dividend equivalent shares for the 2014-2016 Long-Term Incentive Program as determined on February 23, 2017.
- F2Includes restricted share units and dividend equivalents thereon.
- F3Shares withheld to satisfy tax withholding obligation.
- F4The transaction was executed in multiple trades at prices ranging from $58.18 to $58.37. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F5A fractional share interest was settled in cash in connection with the sale of shares from the reporting person's brokerage account.
- F6Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper.
- F7Reporting 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.