TECO ENERGY INC 4
4 · TECO ENERGY INC · Filed Feb 5, 2016
Insider Transaction Report
Form 4
RAMIL JOHN B
DirectorPresident and COO
Transactions
- Award
Restricted Stock Units
2016-02-03+30,209→ 30,209 total→ Common Stock (30,209 underlying) - Award
Performance-Based Restricted Stock
2016-02-03+70,487→ 70,487 total→ Common Stock (70,487 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.