EMPIRE DISTRICT ELECTRIC CO 4
4 · EMPIRE DISTRICT ELECTRIC CO · Filed Jan 4, 2017
Insider Transaction Report
Form 4
LANEY D RANDY
DirectorOther
Transactions
- Disposition to Issuer
Common Stock
2017-01-03$34.00/sh−26,892$914,328→ 0 total - Disposition to Issuer
Phantom Stock Units
2017-01-03−15,609.98→ 0 total→ Common Stock (15,609.98 underlying) - Award
Phantom Stock Units
2016-12-31$34.00/sh+2,205.88$75,000→ 15,569.41 totalExercise: $0.00From: 2017-01-03→ Common Stock (2,205.88 underlying) - Award
Phantom Stock Units
2016-12-31$34.00/sh+40.57$1,379→ 15,609.98 totalExercise: $0.00From: 2017-01-03→ Common Stock (40.57 underlying)
Footnotes (5)
- [F1]Shares of Phantom Stock Units are awarded to director pursuant to Stock Unit Plan for Directors.
- [F2]Shares of Phantom Stock Units are exercisable upon the earliest of this election date, retirement or death.
- [F3]Shares of Phantom Stock Units are exercisable upon the earliest of the election date, retirement or death and do not expire.
- [F4]Reflects the disposition of shares and stock units pursuant to the Agreement and Plan of Merger by and among The Empire District Electric Company (Empire), Liberty Utilities (Central) Co., and Liberty Sub Corp. (the "Merger Agreement"). Pursuant to the Merger Agreement, as of the effective date of the merger (January 1, 2017), the outstanding shares of Empire common stock were cancelled and converted automatically into the right to receive an amount in cash (without interest) equal to $34.00 per share (the "Per-Share Merger Consideration").
- [F5]Reflects the disposition of Phantom Stock Units pursuant to the Merger Agreement. Pursuant to the Merger Agreement, as of the effective date of the merger, the Phantom Stock Units were cancelled and converted into the right to receive an amount in cash equal to the Per-Share Merger Consideration, payment to be made at the time elected or provided pursuant to the terms and conditions of the Director Stock Unit Plan.