4//SEC Filing
IRICK LARRY D 4
Accession 0000899243-18-014963
CIK 0000054507other
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 5:46 PM ET
Size
13.1 KB
Accession
0000899243-18-014963
Insider Transaction Report
Form 4
IRICK LARRY D
VP, Gen Counsel and Corp Sec
Transactions
- Award
Common Stock, Par Value $5.00
2018-06-04+20,572→ 92,245 total - Tax Payment
Common Stock, Par Value $5.00
2018-06-04$55.89/sh−15,373$859,235→ 76,872 total - Tax Payment
Common Stock, Par Value $5.00
2018-06-04$55.89/sh−87$4,863→ 76,785 total - Tax Payment
Common Stock, Par Value $5.00
2018-06-04$55.08/sh−427$23,519→ 76,358 total - Disposition to Issuer
Common Stock, Par Value $5.00
2018-06-04$55.08/sh−76,358$4,205,799→ 0 total
Footnotes (6)
- [F1]Vesting of 20,572 performance-based restricted share units that were granted on 2/24/16, 2/26/17 and 2/21/18. Under the terms of the grants of performance-based restricted share units, the number of shares to be received at vesting is increased or decreased based on the Issuer's Total Shareholder Return as compared to the Total Shareholder Return for a defined Peer Group of companies for the defined Performance Period. Under the terms of a merger agreement between Westar Energy, Inc. and Great Plains Energy Incorporated, performance-based restricted share units vest on the merger closing date at the greater of the target award or the actual number based on the performance criteria. The determination that the performance criteria relating to the grant had been met and the calculation of the number of shares to be distributed were completed on 6/4/18.
- [F2]Forfeiture of 15,373 shares for the payment of taxes upon the vesting and distribution of 36,387 time-based and performance-based restricted share units granted on 2/24/16, 2/26/17 and 2/21/18.
- [F3]Forfeiture of 87 shares for the payment of taxes upon the distribution of deferred shares.
- [F4]Forfeiture of 427 shares for the payment of taxes upon the distribution of deferred stock for compensation shares.
- [F5]Shares of Westar Energy, Inc. stock and deferred Westar Energy, Inc. stock units were exchanged for shares of Evergy, Inc. stock pursuant to a merger agreement between Westar Energy, Inc. and Great Plains Energy Incorporated on a 1 to 1 basis.
- [F6]Solely for purposes of this filing, the estimated market value per share of Evergy, Inc. common stock on 6/4/18 was $55.08 per share (the closing stock price of the common stock of Westar Energy, Inc. as reported on the New York Stock Exchange on 6/1/18).
Documents
Issuer
WESTAR ENERGY INC /KS
CIK 0000054507
Entity typeother
Related Parties
1- filerCIK 0001236086
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 5:46 PM ET
- Size
- 13.1 KB