ITC Holdings Corp. 4
4 · ITC Holdings Corp. · Filed Oct 18, 2016
Insider Transaction Report
Form 4
Jipping Jon E
EVP & Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock Without Par Value
2016-10-14−83,670→ 32,057 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-10-14$45.72/sh−91,680$4,191,610→ 0 totalExercise: $13.79Exp: 2019-05-19→ Common Stock Without Par Value (91,680 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-10-14$45.72/sh−81,717$3,736,101→ 0 totalExercise: $17.49Exp: 2020-05-18→ Common Stock Without Par Value (81,717 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-10-14$45.72/sh−70,935$3,243,148→ 0 totalExercise: $24.05Exp: 2021-05-25→ Common Stock Without Par Value (70,935 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-10-14$45.72/sh−112,086$5,124,572→ 0 totalExercise: $23.59Exp: 2022-05-22→ Common Stock Without Par Value (112,086 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-10-14$45.72/sh−66,988$3,062,691→ 0 totalExercise: $36.73Exp: 2024-05-20→ Common Stock Without Par Value (66,988 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-10-14$45.72/sh−86,640$3,961,181→ 0 totalExercise: $29.31Exp: 2023-05-14→ Common Stock Without Par Value (86,640 underlying) - Disposition to Issuer
Common Stock Without Par Value
2016-10-14$45.72/sh−13,687.682$625,801→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2016-10-14$45.72/sh−46,237$2,113,956→ 0 totalExercise: $35.91Exp: 2025-05-19→ Common Stock Without Par Value (46,237 underlying) - Award
Common Stock Without Par Value
2016-10-14+13,687.682→ 13,687.682 total - Disposition to Issuer
Common Stock Without Par Value
2016-10-14$45.72/sh−32,057$1,465,646→ 0 total
Footnotes (8)
- [F1]Pursuant to the Agreement and Plan of Merger among FortisUS Inc., Element Acquisition Sub Inc., Fortis Inc., and ITC Holdings Corp., dated as of February 9, 2016 (the "Merger Agreement"), at the effective time of the merger (the "Effective Time), each outstanding share converted into the right to receive US$22.57 plus .7520 of a share of Fortis Inc. stock, which fractional share had a market value of US$29.84 at the Effective Time.
- [F2]Reporting Person held unvested restricted shares granted in 2014, 2015 and 2016 with time-based performance criteria. Pursuant to the Merger Agreement, these shares became vested at the Effective Time and converted into the right to receive cash.
- [F3]Reporting Person held performance shares granted in 2015 that, along with related dividend equivalents, would vest based on the satisfaction of certain performance criteria. Pursuant to the Merger Agreement, these shares became vested at the Effective Time and converted into the right to receive cash.
- [F4]These stock options become exercisable in three equal installments beginning on the first anniversary of the grant date so long as the recipient remains an employee.
- [F5]Option was cancelled at the Effective Time pursuant to the Merger Agreement in exchange for the right to receive cash.
- [F6]These stock options become exercisable in three equal installments beginning on the first anniversary of the grant date so long as the recipient remains an employee.
- [F7]These stock options were granted on May 19, 2015 and become exercisable in three equal installments beginning on the first anniversary of the grant date so long as the recipient remains an employee.
- [F8]These stock options were granted on May 20, 2014 and become exercisable in three equal installments beginning on the first anniversary of the grant date so long as the recipient remains an employee.