SEC Form 4 · accession 0000107815-17-000021
WEC ENERGY GROUP, INC. · WEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Curt S Culver
Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 7:48 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 StockF1,F2 | Jan 3, 2017 | D | 2,433 | — | D | 4,568 | D | |
| Common StockF2 | Jan 3, 2017 | A | 2,144 | $0.00 | A | 6,712 | 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,F5,F3,F4 | — | Jan 3, 2017 | A | 2,433 | A | — | — | Common Stock | 2,433 | 81,696 | D |
Explanation of responses
- F1Upon the vesting of restricted stock granted to the reporting person on January 2, 2014, the reporting person deferred receipt of 2,433.4350 shares of common stock and instead received 2,433.4350 phantom stock units pursuant to the Directors Deferred Compensation Plan (DDCP). As a result, the reporting person is reporting the disposition of 2,433.4350 shares of common stock in exchange for an equal number of phantom stock units.
- F2Includes shares acquired pursuant to dividend reinvestment in transactions exempt from Section 16 pursuant to Rule 16a-11.
- F3One-for-one.
- F4These phantom stock units were accrued under the DDCP and are to be settled following the reporting person's termination of service as a director.
- F5Includes phantom stock units accrued pursuant to a dividend reinvestment feature of the DDCP in transactions exempt from Section 16 pursuant to Rule 16a-11.