4//SEC Filing
TECO ENERGY INC 4
Accession 0001404409-16-000124
CIK 0000350563operating
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 4:27 PM ET
Size
8.2 KB
Accession
0001404409-16-000124
Insider Transaction Report
Form 4
Shell Ryan A
President of New Mexico Gas Co
Transactions
- Disposition to Issuer
Common Stock
2016-07-01$27.55/sh−10,041$276,630→ 0 total - Disposition to Issuer
Restricted Stock Units
2016-07-01−7,323→ 0 total→ Common Stock (7,323 underlying)
Footnotes (2)
- [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 withholdings) $27.55 in cash per share (the "Per-Share Merger Consideration"). Pursuant to the Merger Agreement, with respect to performance-based awards, any performance goals and bonus multipliers were deemed achieved at the maximum level.
- [F2]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 were cancelled and converted into the right to receive (i) a pro-rated lump-sum cash payment based on the Per-Share Merger Consideration (paid as promptly as practicable following the effective date of the merger, less any applicable witholdings) and (ii) a cash service award subject to the same terms and conditions (including service-based vesting, but not performance-based vesting) applicable to the corresponding Restricted Stock Unit immediately prior to the effective date of the merger. Pursuant to the Merger Agreement, with respect to performance-based awards, any performance goals and bonus multipliers were deemed achieved at the maximum level.
Documents
Issuer
TECO ENERGY INC
CIK 0000350563
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000350563
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 4:27 PM ET
- Size
- 8.2 KB