4//SEC Filing
AES CORP 4
Accession 0001127602-15-008136
$AESCIK 0000874761operating
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 8:41 PM ET
Size
12.7 KB
Accession
0001127602-15-008136
Insider Transaction Report
Form 4
AES CORPAES
Virag Sharon
VP, Controller
Transactions
- Award
Units
2015-02-20$11.89/sh+2,764$32,864→ 2,764 total→ Common Stock (2,764 underlying) - Award
Common Stock
2015-02-20+8,936→ 31,066 total - Award
Stock Option (Right to Buy)
2015-02-20+66,406→ 66,406 totalExercise: $11.89Exp: 2025-02-20→ Common Stock (66,406 underlying) - Tax Payment
Common Stock
2015-02-21$11.89/sh−864$10,273→ 30,202 total
Holdings
- 3,250(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]This Restricted Stock Unit award ("RSU") was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments beginning on February 20, 2016, if certain continuing employment conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common Stock for each RSU granted.
- [F2]Reflects tax withholding in connection with the vesting and settlement of one third of the RSUs granted in February 2014.
- [F3]This includes a 3% (of base salary) discretionary retirement savings award granted pursuant to the AES Retirement Savings Plan (the "Plan") as determined by The AES Corporation Board of Directors on February 20, 2015 subject to IRS contribution limits. The closing stock price on February 20, 2015 was used to determine the number of shares awarded. In the aggregate between May 15, 2014 and February 20, 2015, this reporting person acquired 858 shares of AES Common Stock under the Plan, which are included in this amount. This information is based on a plan statement dated February 20, 2015.
- [F4]This stock option award was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments if certain continuing employment conditions are satisfied. If such conditions are satisfied, the first installment becomes exercisable on February 20, 2016, and the next two installments become exercisable on February 20, 2017 and February 20, 2018, respectively.
- [F5]These units were awarded pursuant to the Restoration Supplemental Retirement Plan (the "Restoration Plan"). Generally, units under the Restoration Plan shall be paid out in cash following termination of employment or later as per the terms of the Restoration Plan document. Each unit represents a hypothetical AES investment equal to one share of AES Common Stock and units under the Restoration Plan are 100% vested upon award.
Documents
Issuer
AES CORP
CIK 0000874761
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000874761
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 8:41 PM ET
- Size
- 12.7 KB