SEC Form 4 · accession 0001209191-16-118645

POWERSECURE INTERNATIONAL, INC. · POWR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP and CFO

Period of report

May 9, 2016

Accepted (ET)

May 9, 2016 · 8:10 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000882154

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	May 9, 2016	D	26,212	$18.75	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options^F3	$12.26	May 9, 2016	D	15,000	D	—	Sep 11, 2023	Common Stock	15,000	0	D

F1Includes 23,500 restricted shares of Common Stock as to which vesting was accelerated pursuant to that certain Agreement and Plan of Merger, dated as of February 24, 2016 (the "Merger Agreement"), by and among The Southern Company, PSMS Corp. and the Issuer, pursuant to which PSMS Corp. was merged with and into the Issuer and the Issuer was the continuing corporation in the merger and became a wholly-owned subsidiary of The Southern Company (the "Merger").
F2Disposed of pursuant to the Merger Agreement. At the effective time of the Merger, each share of Issuer Common Stock was cancelled and converted into the right to receive $18.75 in cash.
F3Disposed of pursuant to the Merger Agreement. At the effective time of the Merger, these stock options were cancelled and converted into the right to receive the aggregate sum in cash equal to (1) the number of stock options, multiplied by (2) the excess of $18.75 over the exercise price of the stock options. Of these stock options, 6,000 were fully vested and exercisable and vesting was accelerated with respect to the remaining 9,000.