4//SEC Filing
PG&E Fire Victim Trust 4
Accession 0000899243-20-021035
CIK 0001004980other
Filed
Aug 2, 8:00 PM ET
Accepted
Aug 3, 8:18 PM ET
Size
6.9 KB
Accession
0000899243-20-021035
Insider Transaction Report
Form 4
PG&E CorpPCG
PG&E Fire Victim Trust
10% Owner
Transactions
- Other
Common Stock
2020-08-03+748,415→ 477,743,590 total
Footnotes (3)
- [F1]The shares of common stock (the "Common Stock") of PG&E Corporation (the "Issuer") reported herein are held directly by the PG&E Fire Victim Trust (the "Trust"). The Hon. John K. Trotter (Ret.) serves as the trustee (the "Trustee") of the Trust and, solely in such capacity, may be deemed to have beneficial ownership in the shares of Common Stock held by the Trust. The Trustee has no pecuniary interest in the shares of Common Stock held by the Trust and specifically disclaims beneficial ownership of such shares.
- [F2]Pursuant to the Issuer's Plan of Reorganization (the "Plan"), effective as of July 1, 2020 (the "Effective Date"), in certain circumstances the Issuer is required to issue additional shares of Common Stock to the Trust if, after the Effective Date, the Issuer issues additional shares of Common Stock pursuant to the Plan. The number of additional shares to be issued to the Trust is determined such that the Trust would have owned 22.19% of the outstanding Common Stock (as calculated pursuant to the Plan), assuming that any such additional issuances had occurred on the Effective Date. On August 3, 2020, the Issuer issued additional shares to the underwriters in the Issuer's equity units offering (conducted as part of the Plan) pursuant to the underwriters' exercise of their over-allotment option for that offering, and the Trust received, for no additional consideration, an additional 748,415 shares of Common Stock.
- [F3](Continued from footnote 2) The reporting person's right to receive these additional shares became fixed and irrevocable pursuant to the Plan on the July 1, 2020 Effective Date.
Documents
Issuer
PG&E Corp
CIK 0001004980
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001816434
Filing Metadata
- Form type
- 4
- Filed
- Aug 2, 8:00 PM ET
- Accepted
- Aug 3, 8:18 PM ET
- Size
- 6.9 KB