TECO ENERGY INC 4
4 · TECO ENERGY INC · Filed Jul 5, 2016
Insider Transaction Report
Form 4
FERMAN JAMES L JR
Director
Transactions
- Disposition to Issuer
Phantom Stock Units
2016-07-01−116,338.485→ 0 total→ Common Stock (116,338,485 underlying) - Disposition to Issuer
Restricted Stock Units
2016-07-01−2,885→ 0 total→ Common Stock (2,885 underlying) - Disposition to Issuer
Common Stock
2016-07-01$27.55/sh−2,787.938$76,808→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2016-07-01$27.55/sh−27,240$750,462→ 0 total
Footnotes (4)
- [F1]Reflects the disposition of shares and restricted shares pursuant to the Agreement and Plan of Merger by and among TECO Energy, Inc., Emera Inc. and Emera US Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, as of the effective date of the merger (July 1, 2016), the outstanding shares of TECO common stock were cancelled and converted automatically into the right to receive (without interest, and less any applicable holdings) $27.55 in cash per share (the "Per-Share Merger Consideration").
- [F2]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]Reflects the disposition of Phantom Stock Units under the Directors' Deferred Compensation Plan. Pursuant to the Merger Agreement, as of the effective date of the merger, the Phantom Stock Units were converted into an amount of cash equal to the Per-Share Merger Consideration.
- [F4]Reflects the disposition of Restricted Stock Units pursuant to the Merger Agreement. Pursuant to the Merger Agreement, as of the effective date of the merger, the Restricted Stock Units vested and were cancelled and converted into the right to receive a lump-sum cash payment (paid as promptly as practicable following the effective date of the merger) equal to the Per-Share Merger Consideration (plus any accrued dividends).