SEC Form 4 · accession 0000107815-16-000234
WEC ENERGY GROUP, INC. · WEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gale E Klappa
Officer — Chairman and CEO · Director
Period of report
Feb 22, 2016
Accepted (ET)
Feb 23, 2016 · 5:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000783325
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 22, 2016 | M | 76,568 | $21.1075 | A | 245,914 | D | |
| Common StockF1 | Feb 22, 2016 | S | 76,568 | $57.1022 | D | 169,346 | D | |
| Common Stock | Feb 23, 2016 | M | 23,432 | $21.1075 | A | 192,778 | D | |
| Common StockF2 | Feb 23, 2016 | S | 23,432 | $57.2219 | D | 169,346 | D | |
| Common StockF3 | holding | — | — | — | 3,242 | I | ERSP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) | $21.1075 | Feb 22, 2016 | M | 76,568 | D | Jan 2, 2012 | Jan 2, 2019 | Common Stock | 76,568 | 307,515 | D |
| Stock Option (right to buy) | $21.1075 | Feb 23, 2016 | M | 23,432 | D | Jan 2, 2012 | Jan 2, 2019 | Common Stock | 23,432 | 284,083 | D |
Explanation of responses
- F1This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.10 to $57.13, inclusive. The reporting person undertakes to provide to WEC Energy Group ("WEC"), any security holder of WEC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- F2This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.19 to $57.27, inclusive. The reporting person undertakes to provide to WEC, any security holder of WEC, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
- F3Includes shares acquired under WEC Energy Group, Inc.'s Employee Retirement Savings Plan (ERSP) in transactions exempt from Section 16(b) pursuant to Rule 16b-3(c) and exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B). The number of shares in the ERSP attributable to any one participant varies with the price of the Common Stock. The information in this report is based on a plan statement dated as of January 31, 2016.