CRONIN EDMUND B JR 4
4 · PEPCO HOLDINGS INC · Filed Jun 13, 2006
Insider Transaction Report
Form 4
CRONIN EDMUND B JR
Director
Transactions
- Award
Phantom Stock
2006-06-12+86.58→ 25,919.812 total→ Common Stock (86.58 underlying)
Holdings
- 1,425
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 ($2,000 per meeting or that portion of the annual retainer of $45,000 and, if applicable, Committee Chairman annual retainer of either $5,000 or $7,500, 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.
- [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.