TECO ENERGY INC 4
4 · TECO ENERGY INC · Filed Feb 5, 2016
Insider Transaction Report
Form 4
Barringer Phil L Jr
President-TECO Guatemala, Inc.
Transactions
- Award
Restricted Stock Units
2016-02-03+5,492→ 5,492 total→ Common Stock (5,492 underlying) - Award
Performance Based Restricted Stock Units
2016-02-03+12,816→ 12,816 total→ Common Stock (12,816 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 Feb 3, 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.