ALLEGHENY ENERGY, INC 4
4 · ALLEGHENY ENERGY, INC · Filed Feb 16, 2011
Insider Transaction Report
Form 4
BALDWIN H FURLONG
Director
Transactions
- Award
Phantom Stock
2011-02-15$25.80/sh+355.297$9,167→ 10,363.87 total→ Common Stock (355.297 underlying)
Footnotes (3)
- [F1]Under the Issuer's Revised Plan for Deferral of Compensation of Directors, non-employee members of the Issuer's Board of Directors (the "Board")may elect to defer receipt of all or a part of the cash portion of the director fees to which they become entitled in connection with their service on the Board and may opt to invest all or a portion of any such deferred amounts into a phantom stock fund maintained by the Issuer. Mr. Baldwin has elected to defer receipt of all of the cash portion of the fees payable to him and to invest such deferred amounts in the Issuer's phantom stock fund.
- [F2]Each unit of phantom stock is the economic equivalent of one share of the Issuer's common stock, par value $1.25 per share (the "Common Stock"). The units of phantom stock are payable in cash upon the termination of Mr. Baldwin's service on the Board.
- [F3]The average of the high and low prices on the New York Stock Exchange of one share of the Issuer's Common Stock on the applicable transaction date.