SEC Form 4 · accession 0001127602-17-010319
EVERSOURCE ENERGY · ES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J May
Other
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 6:43 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 | Mar 1, 2017 | M | 52,875 | — | A | 258,830 | D | |
| Common Shares, $5.00 par valueF3,F2 | Mar 1, 2017 | F | 23,635 | $54.70 | D | 235,195 | D | |
| Common Shares, $5.00 par valueF4,F2 | Mar 3, 2017 | S | 64,164 | $58.1531 | D | 171,031 | D | |
| Common Shares, $5.00 par valueF5 | holding | — | — | — | 71,076 | I | 401k Plan | |
| Common Shares, $5.00 par value | holding | — | — | — | 1,842 | I | May Family Investments LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF6,F1 | — | Mar 1, 2017 | M | 52,875 | D | — | — | Common Shares, $5.00 par value | 52,875 | 0 | D |
Explanation of responses
- F1These shares constitute remaining previously disclosed equity compensation earned by Mr. May pursuant to the registrant's non-qualified deferred compensation plan. The shares were distributed in accordance with the terms of the plan, which delayed the distribution of this portion of such equity compensation as required by IRS 409A regulations. Each stock equivalent phantom share was settled for and represented the economic equivalent of one Eversource common share.
- F2Includes restricted share units and dividend equivalents thereon.
- F3Shares withheld to satisfy tax withholding obligation.
- F4The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.00 to $58.385, 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.
- 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.