4//SEC Filing
UNS Energy Corp 4
Accession 0000941138-14-000195
CIK 0000941138operating
Filed
Aug 18, 8:00 PM ET
Accepted
Aug 19, 3:46 PM ET
Size
24.4 KB
Accession
0000941138-14-000195
Insider Transaction Report
Form 4
LARSON KEVIN P
SVP, CFO and Treasurer
Transactions
- Disposition to Issuer
Common Stock
2014-08-15$60.25/sh−3,279.669$197,600→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Stock
2014-08-15$60.25/sh−40,520$2,441,330→ 0 total - Disposition to Issuer
Phantom Stock Units
2014-08-15−2,335.279→ 0 totalExercise: $0.00→ Common Stock (2,335.279 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2014-08-15−16,960→ 0 totalExercise: $37.88Exp: 2017-03-20→ Common Stock (16,960 underlying) - Disposition to Issuer
Restricted Stock Units
2014-08-15−2,044.111→ 0 totalExercise: $0.00→ Common Stock (2,044.111 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2014-08-15−27,660→ 0 totalExercise: $26.11Exp: 2019-02-19→ Common Stock (27,660 underlying) - Disposition to Issuer
Restricted Stock Units
2014-08-15−2,676.415→ 0 totalExercise: $0.00→ Common Stock (2,676.415 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2014-08-15−35,890→ 0 totalExercise: $26.18Exp: 2018-02-27→ Common Stock (35,890 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2014-08-15−19,910→ 0 totalExercise: $30.55Exp: 2016-05-04→ Common Stock (19,910 underlying)
Footnotes (10)
- [F1]Each share of Phantom Stock is the economic equivalent of one share of common stock under the UNS Energy Corporation Management and Directors Deferred Compensation Plan (the "DCP").
- [F10]The options were canceled at the effective time of the Merger in exchange for a cash payment equal to $60.25 less the option exercise price, payable without interest and less any required withholding taxes.
- [F2]On August 15, 2014, FortisUS Inc., a Delaware corporation, acquired the issuer pursuant to that certain merger agreement between issuer, FortisUS Inc., Color Acquisition Sub Inc., an Arizona corporation and wholly owned subsidiary of FortisUS Inc., and solely for purposes of Section 5.5(c) and 8.15, Fortis Inc., a corporation incorporated under the Corporations Act of Newfoundland and Labrador, dated as of December 11, 2013 (the "Merger"). At the effective time of the Merger, each outstanding share of the issuer's common stock was converted into the right to receive $60.25 in cash. In addition, phantom stock units were canceled at the effective time of the Merger in exchange for the right to receive a cash payment in the future at the time or times elected by the reporting person under the DCP and subject to earlier payment in accordance with the DCP.
- [F3]Converts to common stock on a 1-for-1 basis.
- [F4]The phantom stock units were canceled at the effective time of the Merger in exchange for the right to receive a cash payment in the future at the time or times elected by the reporting person under the DCP and subject to earlier payment in accordance with the DCP.
- [F5]Each Restricted Stock Unit represents a contingent right to receive one share of UNS Energy Corporation common stock.
- [F6]The reported number of derivative securities disposed of includes shares acquired by reinvesting dividends in unreported transactions pursuant to the Company's dividend reinvestment program.
- [F7]At the effective time of the Merger, each outstanding share of the issuer's common stock was converted into the right to receive $60.25 in cash. In addition, the restricted stock units were canceled at the effective time of the Merger in exchange for a cash payment equal to $60.25 per share, payable without interest and less any required withholding taxes.
- [F8]The restricted stock units were canceled at the effective time of the Merger in exchange for a cash payment equal to $60.25 per share, payable without interest and less any required withholding taxes.
- [F9]At the effective time of the Merger, each outstanding share of the issuer's common stock was converted into the right to receive $60.25 in cash. In addition, the outstanding options were canceled at the effective time of the Merger in exchange for a cash payment equal to the per-share merger consideration (less the exercise price in the case of options), payable without interest and less any required withholding taxes.
Documents
Issuer
UNS Energy Corp
CIK 0000941138
Entity typeoperating
IncorporatedAZ
Related Parties
1- filerCIK 0000941138
Filing Metadata
- Form type
- 4
- Filed
- Aug 18, 8:00 PM ET
- Accepted
- Aug 19, 3:46 PM ET
- Size
- 24.4 KB