ROBB JAMES B 4
4 · NORTHEAST UTILITIES · Filed Feb 2, 2011
Insider Transaction Report
Form 4
ROBB JAMES B
VP-Enterprise Plan & Dev.
Transactions
- Award
Phantom Shares
2011-01-31$28.23/sh+151$4,263→ 729 total→ Common Shares, $5.00 par value (151 underlying)
Holdings
- 51,916
Common Shares, $5.00 par value
- 639(indirect: By 401(k))
Common Shares, $5.00 par value
Footnotes (3)
- [F1]Includes restricted share units and dividend equivalents thereon.
- [F2]Shares held in trust under the Northeast Utilities Service Company 401K Plan, a qualified plan as of January 31, 2011, according to information supplied by the Plan's recordkeeper.
- [F3]Matching contributions of reporting person's deferred compensation contributions in 2010 under the Northeast Utilities Deferred Compensation Plan for Executives, a non-qualified deferred compensation plan, that are nominally invested as Common Shares (hereby referred to as phantom shares). While the average share price for the matching contributions was $28.23, the actual price was determined on the applicable payroll date on which the deferred compensation contribution was made. Each phantom share represents the right to receive cash value of one share of NU Common upon a distribution event, following vesting. Additional phantom shares are issued upon the automatic reinvestment of dividend-equivalents exempt from line item reporting under SEC Rule 16a-11.