4//SEC Filing
STANLEY G BRENT 4
Accession 0001004980-04-000009
CIK 0001004980other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 9:41 PM ET
Size
14.3 KB
Accession
0001004980-04-000009
Insider Transaction Report
Form 4
PG&E CORPPCG
STANLEY G BRENT
SVP - Human Resources
Transactions
- Sale
Common Stock
2004-01-02$27.52/sh−612$16,842→ 34,715 total - Award
Stock Option (Right to Buy)
2004-01-02+33,600→ 33,600 totalExercise: $27.23Exp: 2014-01-03→ Common Stock (33,600 underlying) - Exercise/Conversion
Phantom Stock
2003-12-31−128,205→ 0 totalFrom: 2003-12-31Exp: 2003-12-31→ Common Stock (128,205 underlying) - Award
Common Stock
2004-01-02+6,840→ 35,327 total - Exercise/Conversion
Common Stock
2003-12-31+128,205→ 156,692 total - Disposition to Issuer
Common Stock
2003-12-31$27.77/sh−128,205$3,560,253→ 28,487 total - Sale
Common Stock
2004-01-02$27.53/sh−5,445$149,901→ 29,270 total - Discretionary Transaction
Phantom Stock
2004-01-02$27.23/sh−31,644.64$861,684→ 0 total→ Common Stock (31,644.64 underlying)
Holdings
- 911.06(indirect: By Trust)
Common Stock
Footnotes (8)
- [F1]Restricted shares granted under the PG&E Corporation Long-Term Incentive Program.
- [F2]Transaction pursuant to reporting person's Rule 10b5-1 instruction.
- [F3]Includes 4,262 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program. SISOPs vest three years after the date of grant subject to accelerated vesting upon certain events. Unvested SISOPs are subject to forfeiture if certain stock ownership targets are not met. Vested SISOPs are automatically payable in an equal number of shares following termination of employment.
- [F4]Represents the approximate number of shares of PG&E Corporation common stock held for the reporting person in the PG&E Corporation Retirement Savings Plan (RSP). That fund holds units consisting of PG&E Corporation common stock and a small short-term investments component. The number of shares is computed by dividing the value of the units by the daily closing price. Dividends are automatically invested in additional units at the election of the participant. Holdings have been trued up to conform to RSP balance at January 2, 2004.
- [F5]1 for 1
- [F6]25% of the options may be exercised on the first anniversary date of the grant, 50% on or after the second anniversary, 75% on or after the third anniversary, and 100% on or after the fourth anniversary of the date of grant.
- [F7]Intraplan transfer of shares of phantom stock out of the PG&E Corporation Phantom Stock Fund of the PG&E Corporation Supplemental Retirement Savings Plan (SRSP).
- [F8]Shares of phantom stock are payable in cash following termination of the reporting person's employment and are subject to earlier distribution or transfer in accordance with the PG&E Corporation Deferred Compensation Plan for Officers.
Documents
Issuer
PG&E CORP
CIK 0001004980
Entity typeother
Related Parties
1- filerCIK 0001188491
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 9:41 PM ET
- Size
- 14.3 KB