SEC Form 4 · accession 0001209191-16-131445
SOUTHERN CO · SO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kimberly S, Greene
Officer — EVP & COO, Southern Co.
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 2:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000092122
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Southern Company Common Stock | Jul 5, 2016 | M | 141,818 | $41.28 | A | 177,686 | D | |
| Southern Company Common StockF1 | Jul 5, 2016 | S | 141,818 | $54.00 | D | 35,868 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option Right to BuyF2,F3,F4 | $41.28 | Jul 5, 2016 | M | 141,818 | D | Feb 10, 2015 | Feb 10, 2024 | Southern Company Common Stock | 141,818 | 70,909 | D |
Explanation of responses
- F1Amount of securities beneficially owned includes 6,163 shares of Southern Company Common Stock and 29,705.3653 shares of Southern Company Common Stock representing remaining underlying time vesting RSUs and related DEUs that have not yet vested. The time vesting RSUs and related DEUs are settled one for one in shares of Southern Company Common Stock.
- F2Options vest 33% per year on the anniversary of the grant date.
- F3Includes the right to have shares withheld upon exercise to satisfy tax withholding obligations.
- F4Options were exercised and shares were sold pursuant to a Rule 10b5-1 plan.