SEC Form 4 · accession 0000107815-18-000026
WEC ENERGY GROUP, INC. · WEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Albert J Budney Jr.
Director
Period of report
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 6:45 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 | Jan 2, 2018 | A | 2,045 | $0.00 | A | 10,154 | D | |
| Common StockF2,F1 | Jan 3, 2018 | D | 2,214 | — | D | 7,940 | D | |
| Common Stock | holding | — | — | — | 902 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2,F3,F4 | — | Jan 3, 2018 | A | 2,214 | A | — | — | Common Stock | 2,214 | 2,214 | D |
Explanation of responses
- F1Includes shares acquired pursuant to dividend reinvestment in transactions exempt from Section 16 pursuant to Rule 16a-11.
- F2Upon the vesting of restricted stock granted to the reporting person on January 3, 2017, the reporting person deferred receipt of 2,214.4196 shares of common stock and instead received 2,214.4196 phantom stock units pursuant to the Directors Deferred Compensation Plan (DDCP). As a result, the reporting person is reporting the disposition of 2,214.4196 shares of common stock in exchange for an equal number of phantom stock units.
- 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.