4//SEC Filing
BRIDSON JOHN T 4
Accession 0000899243-18-014988
CIK 0000054507other
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 5:56 PM ET
Size
16.7 KB
Accession
0000899243-18-014988
Insider Transaction Report
Form 4
BRIDSON JOHN T
SVP, Generation and Marketing
Transactions
- Tax Payment
Common Stock, Par Value $5.00
2018-06-04$55.89/sh−8,712$486,935→ 28,117 total - Gift
Common Stock, Par Value $5.00
2018-06-04+14,314→ 45,087 total(indirect: By Trust) - Award
Common Stock, Par Value $5.00
2018-06-04+13,803→ 23,753 total - Award
Common Stock, Par Value $5.00
2018-06-04+13,076→ 36,829 total - Disposition to Issuer
Common Stock, Par Value $5.00
2018-06-04$55.08/sh−13,803$760,269→ 0 total - Gift
Common Stock, Par Value $5.00
2018-06-04−14,314→ 13,803 total - Disposition to Issuer
Common Stock, Par Value $5.00
2018-06-04$55.08/sh−45,087$2,483,392→ 0 total(indirect: By Trust)
Footnotes (7)
- [F1]Grant of 13,803 restricted share units on 6/4/18 that will vest ratably in one third increments on the anniversary of the grant date.
- [F2]Vesting of 13,076 performance-based restricted share units that were granted on 2/24/16, 2/26/17 and 2/21/18. Under the terms of the grants of performance-based restricted share units, the number of shares to be received at vesting is increased or decreased based on the Issuer's Total Shareholder Return as compared to the Total Shareholder Return for a defined Peer Group of companies for the defined Performance Period. Under the terms of a merger agreement between Westar Energy, Inc. and Great Plains Energy Incorporated, performance-based restricted share units vest on the merger closing date at the greater of the target award or the actual number based on the performance criteria. The determination that the performance criteria relating to the grant had been met and the calculation of the number of shares to be distributed were completed on 6/4/18.
- [F3]Forfeiture of 8,712 shares for the payment of taxes upon the vesting and distribution of 23,026 time-based and performance-based restricted share units granted on 2/24/16, 2/26/17 and 2/21/18.
- [F4]Shares were transferred from the reporting person to the reporting person's trust, for which he and his spouse serve as co-trustees and beneficiaries.
- [F5]Shares of Westar Energy, Inc. stock and the restricted share units granted on 6/4/18 were exchanged for shares of Evergy, Inc. stock and Evergy, Inc. restricted share units pursuant to a merger agreement between Westar Energy, Inc. and Great Plains Energy Incorporated on a 1 to 1 basis.
- [F6]Solely for purposes of this filing, the estimated market value per share of Evergy, Inc. common stock on 6/4/18 was $55.08 per share (the closing stock price of the common stock of Westar Energy, Inc. as reported on the New York Stock Exchange on 6/1/18).
- [F7]Includes 40 shares inadvertently omitted from previous reported balance.
Documents
Issuer
WESTAR ENERGY INC /KS
CIK 0000054507
Entity typeother
Related Parties
1- filerCIK 0001627795
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 5:56 PM ET
- Size
- 16.7 KB