4//SEC Filing
Young John S. 4
Accession 0001181431-09-011072
CIK 0001410636other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 7:56 PM ET
Size
13.7 KB
Accession
0001181431-09-011072
Insider Transaction Report
Form 4
Young John S.
President, AW Services
Transactions
- Award
Performance Stock Unit
2009-02-20+7,252→ 7,252 totalExp: 2011-12-31→ Common Stock (7,252 underlying) - Award
Employee Stock Option (right to buy)
2009-02-20+40,481→ 40,481 totalExercise: $20.70Exp: 2015-12-31→ Common Stock (40,481 underlying) - Award
Employee Stock Option (right to buy)
2009-02-20+55,809→ 55,809 totalExercise: $21.50From: 2010-01-01Exp: 2013-12-31→ Common Stock (55,809 underlying) - Award
Common Stock
2009-02-20+7,078→ 23,363.849 total
Footnotes (4)
- [F1]Represents the earned portion of performance-based restricted stock units awarded in connection with the Issuer's initial public offering. The number of restricted stock units earned was determined based upon a comparison of (a) the sum of the Issuer's actual audited net income for 2007 (as adjusted) and American Water's actual audited net income for 2008 (as adjusted) to (b) the sum of American Water's actual audited net income for 2007 (as adjusted) and American Water's target net income for 2008 (as adjusted) at the time of the initial public offering. The number of restricted stock units earned equaled 51.91% of the units initially granted (which would have been fully earned if maximum performance metrics were achieved) and was based on the amount referenced in (a) above equaling 97.56% of the amount referenced in (b) above. The earned restricted stock units will vest on January 1, 2010.
- [F2]Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock. The actual number of performance stock units that may be earned will be based on the Issuer's annual total stockholder return ("TSR") relative to the performance of the Dow Jones Utility Index over the three-year performance period beginning on January 1, 2009 and ending December 31, 2011. Threshold (50% of the units earned if target levels of performance are achieved), target and maximum (150% of target) amounts of performance units will be earned if the if the Issuer's TSR relative to the Dow Jones Utility Index is 25%, 50% and 75%, respectively. The number of performance stock units shown in column 5 is equal to the maximum number of performance stock units that may be earned.
- [F3]Represents the earned portion of performance-based nonqualified stock options awarded in connection with the Issuer's initial public offering. The number of shares underlying the earned portion of the nonqualified stock options equaled 51.91% of the shares underlying the nonqualified stock options initially granted and was determined based upon the formula described in footnote 1 above.
- [F4]The options vest in three equal installments on January 1, 2010, 2011 and 2012.
Documents
Issuer
American Water Works Company, Inc.
CIK 0001410636
Entity typeother
Related Parties
1- filerCIK 0001430101
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 7:56 PM ET
- Size
- 13.7 KB