AMERICAN ELECTRIC POWER CO INC 4
4 · AMERICAN ELECTRIC POWER CO INC · Filed Jan 24, 2008
Insider Transaction Report
Form 4
Keane John B
SVP, GC, Secretary
Transactions
- Award
Performance Share Units (Career Shares)
2008-01-22+28,671→ 28,671 totalExercise: $0.00From: 2008-01-22Exp: 2008-01-22→ Common Stock (28,671 underlying)
Footnotes (2)
- [F1]Performance Share units awarded pursuant to the AEP Long-Term Incentive Plan. The reporting person deferred the receipt of vested performance units (net of taxes) into Career Shares (phantom stock) in AEP's Stock Ownership Requirement Plan. The Career Shares become payable upon the reporting person's termination of employment with AEP.
- [F2]Each Career Share is the economic equivalent of one share of AEP common stock