SEC Form 4 · accession 0001225208-19-000254
SCANA CORP · SCG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sarena D Burch
Officer — SVP/Risk Mgmt Ofc SCANA/Subs
Period of report
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 12:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000754737
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock - No Par ValueF1,F2 | Jan 1, 2019 | D | 1,798 | $0.00 | D | 0 | D | |
| Common Stock - No Par ValueF3,F4 | Jan 1, 2019 | D | 24,544 | $0.00 | D | 0 | I | By Trustee |
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,F6,F5 | — | Jan 1, 2019 | D | 2,622 | D | — | — | Common Stock - No Par Value | 2,622 | 0 | D |
| Restricted Stock UnitsF8,F9,F7 | — | Jan 1, 2019 | D | 5,430 | D | — | — | Common Stock - No Par Value | 5,430 | 0 | D |
Explanation of responses
- F1Includes shares acquired through dividend reinvestment.
- F2Disposed of pursuant to the merger between the Issuer and Dominion Energy, Inc. in exchange for 1,202.6459 shares of Dominion Energy, Inc. common stock having a market value of $71.46 per share on the effective date of the merger based on the closing price as of the immediately preceding trading day.
- F3Shares held by Trustee under the SCANA Corporation 401(k) Retirement Savings Plan. Includes shares acquired through dividend reinvestment.
- F4Disposed of pursuant to the merger between the Issuer and Dominion Energy, Inc. in exchange for 16,419.6726 shares of Dominion Energy, Inc. common stock having a market value of $71.46 per share on the effective date of the merger based on the closing price as of the immediately preceding trading day.
- F51 for 1
- F6The Phantom Stock Units were to be settled one year after a request for a distribution, or upon the reporting person's termination of employment, but were disposed of pursuant to the merger between the Issuer and Dominion Energy, Inc. in exchange for 1,754.1193 phantom shares of Dominion Energy, Inc. common stock having a market value of $71.46 per share on the effective date of the merger based on the closing price as of the immediately preceding trading day.
- F7Each Restricted Stock Unit represented a contingent right to receive the cash equivalent of one share of SCANA Corporation common stock.
- F8Total was adjusted to reflect an inadvertant over reporting of 7 shares.
- F9The restricted stock units would have vested, if at all, on December 31, 2018, December 31, 2019 and December 31, 2020, respectively, if the issuer's achievement of an approved performance measure was met and the reporting person met eligibility requirements. However, the Restricted Stock Units vested as a result of the merger between Issuer and Dominion Energy, Inc. and were settled in cash for $49.6739 per unit.