Talen Energy Corp 4
4 · Talen Energy Corp · Filed Jan 7, 2016
Insider Transaction Report
Form 4
BERNTHAL FREDERICK M
Director
Transactions
- Exercise/Conversion
Stock Unit
2016-01-05−734.491→ 7,417.631 total→ Common Stock (734.491 underlying) - Exercise/Conversion
Common Stock
2016-01-05+734→ 734 total
Footnotes (1)
- [F1]Reflects shares that the Issuer was obligated to issue under a director deferred compensation plan. As a result of the Reporting Person's resignation as a director of PPL Corporation, which resignation was effective upon the spinoff of the Issuer from PPL Corporation, the stock units converted into shares of Issuer common stock on January 5, 2016. The reporting person shall receive cash in lieu of a fractional share. No conversion or exercise price applied. The remaining 7,417.631 stock units shall convert into shares of Issuer common stock in various amounts annually through and including January 2028.