UNITIL CORP 4
4 · UNITIL CORP · Filed May 11, 2016
Insider Transaction Report
Form 4
UNITIL CORPUTL
ELFNER ALBERT H III
Director
Transactions
- Purchase
Common stock, no par value.
2016-05-03$39.46/sh+500$19,732→ 8,588 total
Holdings
- 5,488
Restricted stock units
Exercise: $0.00→ Common stock (5,488 underlying)
Footnotes (1)
- [F1]Each restricted stock unit is equivalent in value to one share of Unitil Corporation's common stock, no par value ("Common Stock"), and represents the right to receive a combination of cash and Common Stock after separation from service on Unitil Corporation's Board of Directors. Each restricted stock unit is fully vested upon grant and is payable 70% in Common Stock and 30% in cash, based upon the closing price of Common Stock on the day prior to settlement.