Burke Sean 4
4 · American Water Works Company, Inc. · Filed Feb 23, 2010
Insider Transaction Report
Form 4
Burke Sean
SVP, Human Resources
Transactions
- Award
Employee Stock Option (right to buy)
2010-02-19+11,295→ 38,907 totalExercise: $21.50From: 2011-01-01Exp: 2014-12-31→ Common Stock (11,295 underlying) - Award
Common Stock
2010-02-19+1,485→ 5,318 total
Footnotes (2)
- [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 American Water's actual audited net income for 2008 (as adjusted) and American Water's actual audited net income for 2009 (as adjusted) to (b) the sum of American Water's target net income for 2008 (as adjusted) and American Water's target net income for 2009 (as adjusted) at the time of the initial public offering. The number of restricted stock units earned equaled 43.13% 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 93.46% of the amount referenced in (b) above. The earned restricted stock units will vest on January 1, 2011.
- [F2]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 43.13% of the shares underlying the nonqualified stock options initially granted and was determined based upon the formula described in footnote 1 above.