PG&E CORP 4
4 · PG&E CORP · Filed May 20, 2005
Insider Transaction Report
Form 4
PG&E CORPPCG
SMITH GORDON R
Senior Vice President
Transactions
- Discretionary Transaction
Phantom Stock
2005-05-19$35.90/sh−11,653.59$418,364→ 0 total→ Common Stock (11,653.59 underlying) - Gift
Common Stock
2005-03-10−16,030→ 12,465.41 total - Discretionary Transaction
Common Stock
2005-05-19$35.90/sh−13,711.99$492,260→ 0 total(indirect: By Trust)
Footnotes (7)
- [F1]Reflects reporting person's exempt gift of shares of restricted stock granted under the PG&E Corporation Long-Term Incentive Program to the reporting person's revocable living trust.
- [F2]The reporting person disclaims beneficial ownership of 3,884 shares included in this total. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any purchase.
- [F3]Includes 8,581.41 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program, and reflects the acquisition of 74.81 SISOPs on April 15, 2005, pursuant to a dividend award feature of 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]Intraplan transfer of shares of PG&E Corporation common stock out of the PG&E Corporation Stock Fund of the PG&E Corporation Retirement Savings Plan.
- [F5]1 for 1
- [F6]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.
- [F7]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.