Lennen C. Michael 4
4 · WESTAR ENERGY INC /KS · Filed Jan 24, 2012
Insider Transaction Report
Form 4
Lennen C. Michael
VP, Regulatory Affairs
Transactions
- Award
Common Stock, par value $5.00
2012-01-20+2,187→ 21,200 total - Tax Payment
Common Stock, par value $5.00
2012-01-20$28.91/sh−688$19,894→ 20,512 total
Footnotes (3)
- [F1]Vesting and distribution of 2,187 performance-based restricted share units that were granted on February 24, 2010, with a vesting date of January 1, 2012. Under the terms of the grant, the number of shares to be received by the Reporting Person at vesting is increased or decreased based on the Issuer's Total Shareholder Return as compared to the Total Shareholder Return for a defined Peer Group of companies for the defined Performance Period. The determination that the performance criteria relating to the grant had been met and the calculation of the number of shares to be distributed were completed on January 20, 2012.
- [F2]Includes 4,750 restricted share units that are subject to forfeiture.
- [F3]Forfeiture of 688 shares for the payment of taxes upon the vesting and distribution of 2,187 performance-based restricted share units granted on 2/24/10 and described in this report.