SEC Form 4 · accession 0001209191-17-055022
UNITIL CORP · UTL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eben S Moulton
Director
Period of report
Oct 2, 2017
Accepted (ET)
Oct 3, 2017 · 4:10 pm 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 | holding | — | — | — | 20,801 | 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 | — | Oct 2, 2017 | A | 1,194 | A | — | — | Common stock | 1,194 | 8,032 | 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.