SEC Form 4 · accession 0001209191-15-049988
UNITIL CORP · UTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael B Green
Director
Period of report
May 22, 2015
Accepted (ET)
Jun 4, 2015 · 11:29 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000755001
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, no par value | May 22, 2015 | P | 355 | $33.799 | A | 5,530 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted stock unitsF1 | $0.00 | holding | — | — | — | — | — | Common Stock | 4,065 | 4,065 | D |
Explanation of responses
- F1Each restricted stock unit is equivalent in value to one share of Unitil Corporation's common stock, no par value ("Common Stock"), and represents the right to receive a combination of cash and Common Stock after separation from service on Unitil Corporation's Board of Directors. Each restricted stock unit is fully vested upon grant and is payable 70% in Common Stock and 30% in cash, based upon the closing price of Common Stock on the day prior to settlement.