FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
NORTHEAST UTILITIES [ NU ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/05/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Shares, $5 par value | 03/05/2007 | M | 1,500(1) | A | $14.9375 | 24,359 | D | |||
Common Shares, $5 par value | 03/05/2007 | M | 2,500(1) | A | $18.4375 | 26,859 | D | |||
Common Shares, $5 par value | 03/05/2007 | M | 2,500(1) | A | $18.45 | 29,359 | D | |||
Common Shares, $5 par value | 03/05/2007 | M | 2,500(1) | A | $21.03 | 31,859 | D | |||
Common Shares, $5 par value | 03/05/2007 | S | 9,000(2) | D | $28.65 | 22,859(3) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) | $14.9375 | 03/05/2007 | M | 1,500 | (2) | 02/23/2009 | Common Shares | 1,500 | $0 | 7,500 | D | ||||
Employee Stock Option (right to buy) | $18.4375 | 03/05/2007 | M | 2,500 | (2) | 02/22/2010 | Common Shares | 2,500 | $0 | 5,000 | D | ||||
Employee Stock Options (right to buy) | $18.45 | 03/05/2007 | M | 2,500 | (2) | 02/26/2012 | Common Shares | 2,500 | $0 | 2,500 | D | ||||
Employee Stock Option (right to buy) | $21.03 | 03/05/2007 | M | 2,500 | (2) | 02/27/2011 | Common Shares | 2,500 | $0 | 0 | D |
Explanation of Responses: |
1. The options exercised to purchase 1,500 NU common shares that were granted on 2/23/1999 at an exercise price of $14.9375 vested 50% on 2/23/1999 and 50% on 2/23/2000. The options exercised to purchase 2,500 NU commmon shares with a grant date of 2/22/2000 at an exercise price of $18.4375 vested 50% on 2/22/2000 and 50% on 2/22/2001. The options exercised to purchase 2,500 NU common shares that were granted on 2/27/2001 at an exercise price of $21.03 vested 50% on 2/27/2001 and 50% on 2/27/2002. The options exercised to purchase 2,500 NU common shares with a grant date of 2/26/2002 and an exercise price of $18.45 vested 50% on 2/26/2002 and 50% on 2/26/2003. |
2. Sale in connection with cashless exercise of options to purchase NU common shares. |
3. Includes restricted share units receipt of which has been deferred, shares receipt of which has been deferred and dividend equivalents thereon. |
/s/ Elizabeth T. Kennan | 03/06/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |