SEC Form 4 · accession 0001127602-17-019297
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
May 23, 2017
Accepted (ET)
May 24, 2017 · 5:24 pm EDT
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 | May 23, 2017 | M | 48,544 | $25.93 | A | 208,013 | D | |
| Common Shares, $5.00 par valueF3,F1 | May 23, 2017 | S | 48,544 | $61.0079 | D | 159,469 | D | |
| Common Shares, $5.00 par valueF4 | holding | — | — | — | 9,952 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $25.93 | May 23, 2017 | M | 48,544 | D | Jan 22, 2012 | Jan 22, 2019 | Common Shares, $5.00 par value | 48,544 | 0 | D |
| Phantom SharesF5 | — | holding | — | — | — | — | — | Common Shares, $5.00 par value | 108,241 | 108,241 | D |
Explanation of responses
- F1Includes deferred shares, restricted share units and dividend equivalents thereon.
- F2This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 1, 2017.
- F3The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.00 to $61.04, 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.
- F4Shares held in trust under the Eversource 401k Plan, a qualified plan, according to information supplied by the Plan's record keeper.
- F5Reporting 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.