SEC Form 4 · accession 0001209191-18-033623
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
May 23, 2018
Accepted (ET)
May 25, 2018 · 6:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000092122
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Southern Co Restricted Stock UnitsF1 | $0.00 | May 23, 2018 | A | 40,920 | A | — | — | Southern Company Common Stock | 40,920 | 40,920 | D |
Explanation of responses
- F1Restricted stock unit (RSU) award designed to retain critical talent through completion of Plant Vogtle Units 3 and 4 in accordance with the schedule approved by the Georgia Public Service Commission in December 2017. The RSU award will vest 20% each year for five years, on December 31 of each year, beginning December 31, 2018. Vesting will be accelerated if the fuel load authorization for Unit 3 and Unit 4 is received from U.S. Nuclear Regulatory Commission before December 31, 2022. Additional units will be acquired with deemed dividends. Shares will be withheld upon vesting to satisfy tax requirements.