4//SEC Filing
AKIN BRUCE A 4
Accession 0000899243-18-014990
CIK 0000054507other
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 5:57 PM ET
Size
11.7 KB
Accession
0000899243-18-014990
Insider Transaction Report
Form 4
AKIN BRUCE A
SVP, Power Delivery
Transactions
- Tax Payment
Common Stock, Par Value $5.00
2018-06-04$55.89/sh−8,899$497,387→ 54,006 total - Award
Common Stock, Par Value $5.00
2018-06-04+13,803→ 49,664 total - Award
Common Stock, Par Value $5.00
2018-06-04+13,241→ 62,905 total - Disposition to Issuer
Common Stock, Par Value $5.00
2018-06-04$55.08/sh−54,006$2,974,650→ 0 total
Footnotes (6)
- [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]The reporting person no longer has a reportable beneficial interest in 26 shares owned by his daughter, which were included in the reporting person's prior ownership reports.
- [F3]Vesting of 13,241 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.
- [F4]Forfeiture of 8,899 shares for the payment of taxes upon the vesting and distribution of 23,356 time-based and performance-based restricted share units granted on 2/24/16, 2/26/17 and 2/21/18.
- [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).
Documents
Issuer
WESTAR ENERGY INC /KS
CIK 0000054507
Entity typeother
Related Parties
1- filerCIK 0001236080
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 5:57 PM ET
- Size
- 11.7 KB