TECO ENERGY INC 4
4 · TECO ENERGY INC · Filed Feb 5, 2016
Insider Transaction Report
Form 4
GILLETTE GORDON L
Executive VP & CFO
Transactions
- Award
Performance-Based Restricted Stock Units
2016-02-03+19,224→ 19,224 total→ Common Stock (19,224 underlying) - Award
Restricted Stock Units
2016-02-03+8,239→ 8,239 total→ Common Stock (8,239 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of TECO Energy, Inc. common stock or the cash value thereof.
- [F2]The restricted stock units vest on Feb3, 2019, three years from the date of grant, or upon the closing of the transaction contemplated by the Agreement and Plan of Merger by and among TECO Energy, Inc., Emera Inc., and Emera US, Inc. as of Sept 4, 2015 (the "Merger Agreement").
- [F3]The performance-based restricted stock units vest based upon the satisfaction of performance criteria following the end of the performance period, Dec. 31, 2018, or upon the closing of the transaction contemplated by the Merger Agreement.