SEC Form 4 · accession 0001209191-15-017957
INTEGRYS HOLDING, INC. · TEG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles A Cloninger
Officer — Executive VP, Electric Segment
Period of report
Feb 20, 2015
Accepted (ET)
Feb 24, 2015 · 5:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000916863
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 20, 2015 | M | 416 | $77.18 | A | 852 | D | |
| Common StockF2 | Feb 20, 2015 | D | 83 | $77.18 | D | 769 | D | |
| Common Stock | Feb 20, 2015 | F | 122 | $77.18 | D | 648 | D | |
| Common Stock | holding | — | — | — | 6,174 | I | By Employee Stock Ownership Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RightsF3 | $0.00 | holding | — | — | — | Jan 1, 2016 | Mar 15, 2016 | Common Stock | 2,798 | 2,798 | D |
| Performance RightsF3 | $0.00 | holding | — | — | — | Jan 1, 2017 | Mar 15, 2017 | Common Stock | 2,721 | 2,721 | D |
| Phantom Stock UnitF4,F5 | — | holding | — | — | — | — | — | Common Stock | 4,889 | 4,889 | D |
| Restricted Stock Units 2012F6 | — | holding | — | — | — | Feb 9, 2013 | Feb 9, 2016 | Common Stock | 216 | 216 | D |
| Restricted Stock Units 2013F6 | — | holding | — | — | — | Feb 14, 2014 | Feb 14, 2017 | Common Stock | 436 | 436 | D |
| Restricted Stock Units 2014F6 | — | holding | — | — | — | Feb 13, 2015 | Feb 13, 2018 | Common Stock | 621 | 621 | D |
| Restricted Stock Units 2015F6 | — | holding | — | — | — | Feb 12, 2016 | Feb 12, 2019 | Common Stock | 3,285 | 3,285 | D |
Explanation of responses
- F1The final performance stock right payout is 136% of the reported target for the 2/9/2012 award of performance stock rights. On December 17, 2014, 90% of the estimated award was paid out based upon total shareholder return results calculated as of December 15, 2014. A true-up payout is reflected here.
- F2A portion of the performance share payout was deferred; with 100% of the deferred portion going into other mutual funds and not Company common stock. Under the terms of the plan, payout deferrals may be deferred into Company common stock or other mutual funds within the Deferred Compensation Plan.
- F3Performance stock rights represent the right to receive shares of common stock of the Company, in the event certain performance goals are satisfied. These goals are based on Company performance against an established industry benchmark, over a three year performance period. The final award of shares issued can be between 0% and 200% of the reported target award.
- F4These phantom stock units convert to common stock on a one-for-one basis.
- F5Upon retirement or termination of service, distribution of phantom stock units will commence in January of the year that is both (1) following the calendar year in which service terminates with the Company, and (2) at least six months following termination, or later if the participant selected a later date.
- F6Each restricted stock unit represent a contingent right to receive one share of Company common stock. The restricted stock units vest in four equal annual installments beginning on the exercisable date.