ITC Holdings Corp. 4
4 · ITC Holdings Corp. · Filed Oct 18, 2016
Insider Transaction Report
Form 4
JEPSEN EDWARD G
Director
Transactions
- Disposition to Issuer
Common Stock Without Par Value
2016-10-14−181,347→ 5,806 total - Disposition to Issuer
Common Stock Without Par Value
2016-10-14$45.72/sh−5,806$265,450→ 0 total
Footnotes (2)
- [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.