SEC Form 4 · accession 0000751652-16-000428
QUESTAR CORP · STR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laurence M Downes
Director
Period of report
Sep 16, 2016
Accepted (ET)
Sep 19, 2016 · 7:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000751652
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 16, 2016 | D | 14,065 | $25.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1,F2,F3 | $0.00 | Sep 16, 2016 | D | 10,883 | D | — | — | Phantom Stock Units | 10,883 | 0 | D |
| Phantom Stock UnitsF1,F2,F4 | — | Sep 16, 2016 | D | 17,083 | D | — | — | Phantom Stock Units | 17,083 | 0 | D |
| Restricted Stock UnitF5,F6 | — | Sep 16, 2016 | D | 13,176 | D | — | — | Common Stock | 13,176 | 0 | D |
Explanation of responses
- F1Each phantom stock unit is the economic equivalent of one share of common stock. The shares of phantom stock become payable at the election of the reporting person, upon the reporting person's termination of service as a director.
- F2Phantom Stock Units were to be settled in shares of Questar common stock following the reporting person's termination of employment with Questar, but each Phantom Stock Unit is being settled in connection with the Merger for an amount equal to the Merger consideration of $25 per share.
- F3I have been granted restricted phantom stock under Questar's Long-term Stock Incentive Plan. Such units are credited with dividends.
- F4I defer my director's fees, and such fees are accounted for in phantom stock units that are credited with dividends.
- F5Each deferred restricted stock unit represents a contingent right to receive one share of common stock.
- F6Restricted Stock Units were to be settled in shares of Questar common stock following the reporting person's termination of employment with Questar, but each Restricted Stock Unit is being settled in connection with the Merger for an amount equal to the Merger consideration of $25 per share.