SEC Form 4 · accession 0001127602-16-043077
AES CORP · AES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bernerd Da Santos
Officer — Sr. VP and COO
Period of report
Feb 19, 2016
Accepted (ET)
Feb 23, 2016 · 9:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000874761
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 19, 2016 | A | 4,195 | — | A | 61,840 | D | |
| Common StockF2 | Feb 19, 2016 | F | 1,351 | $9.41 | D | 60,489 | D | |
| Common StockF3 | Feb 19, 2016 | F | 716 | $9.41 | D | 59,773 | D | |
| Common StockF4 | Feb 19, 2016 | F | 1,110 | $9.41 | D | 58,663 | D | |
| Common StockF5 | Feb 19, 2016 | A | 19,384 | — | A | 78,047 | D | |
| Common StockF6 | holding | — | — | — | 22,011 | I | by 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UnitsF7 | — | Feb 19, 2016 | A | 1,791 | A | — | — | Common Stock | 1,791 | 13,055 | D |
Explanation of responses
- F1This Performance Stock Unit ("PSU") was granted on February 15, 2013 pursuant to The AES Corporation 2003 Long Term Compensation Plan. After the prescribed three year vesting period, the AES Board of Directors approved the performance value for the grant. Each earned PSU entitles the holder to one share of AES Common Stock.
- F2Reflects tax withholding in connection with the vesting and settlement of earned PSUs granted in February 2013.
- F3Reflects tax withholding in connection with the vesting and settlement of one third of the Restricted Stock Units ("RSUs") granted in February 2014.
- F4Reflects tax withholding in connection with the vesting and settlement of one third of RSUs granted in February 2015.
- F5This RSU award was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments beginning on February 19, 2017, if certain continuing employment conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common Stock.
- F6Since the last Form 4 filing on February 17, 2016, the reporting person acquired 252 shares of AES Common Stock under The AES Corporation Retirement Savings Plan. This information is based on a plan statement dated February 19, 2016.
- F7These units were awarded pursuant to the Restoration Supplemental Retirement Plan ("Restoration Plan"). Generally, units under the Restoration Plan are paid out in cash following termination of employment or later per the Restoration Plan document. Each unit represents a hypothetical AES investment equal to one share of AES Common Stock, and units under the Restoration Plan are 100% vested upon award.