SEC Form 4 · accession 0001209191-15-029170
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
Mar 23, 2015
Accepted (ET)
Mar 25, 2015 · 3:58 pm EDT
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 Stock | holding | — | — | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitF4,F1,F3 | — | Mar 23, 2015 | I | 807 | D | — | — | Common Stock | 807 | 4,126 | D |
| Performance RightsF5 | $0.00 | holding | — | — | — | Jan 1, 2016 | Mar 15, 2016 | Common Stock | 2,798 | 2,798 | D |
| Performance RightsF5 | $0.00 | holding | — | — | — | Jan 1, 2017 | Mar 15, 2017 | Common Stock | 2,721 | 2,721 | 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
- F1These phantom stock units convert to common stock on a one-for-one basis.
- F2The transaction represents an exempt intra-fund transfer from the Integrys stock fund to a non-Integrys fund within the Deferred Compensation Plan.
- F3Upon 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.
- F4Balance also reflects the quarterly dividend paid on phantom stock units and reinvested in additional phantom stock units, under the Company's Deferred Compensation Plan.
- F5Performance 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.
- 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.