SEC Form 4 · accession 0001209191-17-015641
SOUTHERN CO · SO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen E Kuczynski
Officer — Pres. & CEO, Southern Nuclear
Period of report
Feb 28, 2017
Accepted (ET)
Mar 1, 2017 · 11:46 am EST
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 | Feb 28, 2017 | M | 68,865 | $41.28 | A | 87,320 | D | |
| Southern Company Common StockF1 | Feb 28, 2017 | S | 62,290 | $50.6718 | D | 25,030 | 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 | $41.28 | Feb 28, 2017 | M | 68,865 | D | Feb 10, 2015 | Feb 10, 2024 | Southern Company Common Stock | 68,865 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.63 to $50.74, inclusive. The reporting person undertakes to provide to Southern Company, any security holder of Southern Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
- 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.