PEPCO HOLDINGS INC 4
4 · PEPCO HOLDINGS INC · Filed Dec 17, 2004
Insider Transaction Report
Form 4
YOUNG A THOMAS
Director
Transactions
- Award
Phantom Stock
2004-12-16+179.297→ 19,409.032 total→ Common Stock (179.297 underlying)
Holdings
- 1,000
Common Stock
Footnotes (2)
- [F1]Acquired in consideration for services, with the number of shares of phantom stock calculated by dividing the amount of meeting fees and/or retainer payable ($1,250 per meeting or that portion of the annual retainer of $30,000 which the director elected to receive in phantom stock) by the market price of the Pepco Holdings, Inc. (PHI) shares at the close of business two business days before the meeting or retainer payment date, respectively. At least one-half of the retainer is required to be paid in common stock or phantom stock.
- [F2]Phantom stock on a date specified or to be specified by the participant is settled in cash in an amount equal to the market price of the PHI common stock on the settlement date.