SEC Form 4 · accession 0001209191-16-134723
SOUTHERN CO · SO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stan W Connally
Officer — President & CEO, Gulf Power Co
Period of report
Aug 1, 2016
Accepted (ET)
Aug 2, 2016 · 9:57 am 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 | Aug 1, 2016 | M | 14,392 | $31.39 | A | 17,716 | D | |
| Southern Company Common Stock | Aug 1, 2016 | S | 14,392 | $53.75 | D | 3,324 | D | |
| Southern Company Common Stock | holding | — | — | — | 9,369 | I | By 401(k) Trust |
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 BuyF1,F2 | $31.39 | Aug 1, 2016 | M | 14,392 | D | Feb 16, 2010 | Feb 16, 2019 | Southern Company Common Stock | 14,392 | 0 | D |
Explanation of responses
- F1Options vest 33% per year on the anniversary of the grant date.
- F2Includes the right to have shares withheld upon exercise to satisfy tax withholding obligations.