0001127602-16-064921.txt : 20161018
0001127602-16-064921.hdr.sgml : 20161018
20161018162526
ACCESSION NUMBER: 0001127602-16-064921
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161014
FILED AS OF DATE: 20161018
DATE AS OF CHANGE: 20161018
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ITC Holdings Corp.
CENTRAL INDEX KEY: 0001317630
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 320058047
STATE OF INCORPORATION: MI
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 27175 ENERGY WAY
CITY: NOVI
STATE: MI
ZIP: 48377
BUSINESS PHONE: 248-946-3000
MAIL ADDRESS:
STREET 1: 27175 ENERGY WAY
CITY: NOVI
STATE: MI
ZIP: 48377
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hayes Rejji P
CENTRAL INDEX KEY: 0001611961
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32576
FILM NUMBER: 161941086
MAIL ADDRESS:
STREET 1: 27175 ENERGY WAY
CITY: NOVI
STATE: MI
ZIP: 48377
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2016-10-14
0001317630
ITC Holdings Corp.
ITC
0001611961
Hayes Rejji P
27175 ENERGY WAY
NOVI
MI
48377
1
EVP & CFO
Common Stock Without Par Value
2016-10-14
4
D
0
2334
D
37921
D
Common Stock Without Par Value
2016-10-14
4
D
0
37921
45.72
D
0
D
Common Stock Without Par Value
2016-10-14
4
A
0
10905.6883
0
A
10905.6883
D
Common Stock Without Par Value
2016-10-14
4
D
0
9613.9258
0
D
1291.7625
D
Common Stock Without Par Value
2016-10-14
4
D
0
1291.7625
45.72
D
0
D
Employee Stock Option (Right to Buy)
23.58
2016-10-14
4
D
0
19740
45.72
D
2022-05-22
Common Stock Without Par Value
19740
0
D
Employee Stock Option (Right to Buy)
29.31
2016-10-14
4
D
0
15990
45.72
D
2023-05-14
Common Stock Without Par Value
15990
0
D
Employee Stock Option (Right to Buy)
36.73
2016-10-14
4
D
0
12912
45.72
D
2024-05-20
Common Stock Without Par Value
12912
0
D
Employee Stock Option (Right to Buy)
35.91
2016-10-14
4
D
0
36842
45.72
D
2025-05-19
Common Stock Without Par Value
36842
0
D
Pursuant to the Agreement and Plan of Merger among FortisUS Inc., Element Acquisition Sub Inc., Fortis Inc., and ITC Holdings Corp., dated as of February 9, 2016 (the "Merger Agreement"), at the effective time of the merger (the "Effective Time), each outstanding share converted into the right to receive US$22.57 plus .7520 of a share of Fortis Inc. stock, which fractional share had a market value of US$29.84 at the Effective Time.
Reporting Person held unvested restricted shares granted in 2014, 2015 and 2016 with time-based performance criteria. Pursuant to the Merger Agreement, these shares became vested at the Effective Time and converted into the right to receive cash.
Reporting Person held performance shares granted in 2015 that, along with related dividend equivalents, would vest based on the satisfaction of certain performance criteria. Pursuant to the Merger Agreement, these shares became vested at the Effective Time and converted into the right to receive cash.
These stock options were granted on May 20, 2014 and become exercisable in three equal installments beginning on the first anniversary of the grant date so long as the recipient remains an employee.
Option was cancelled at the Effective Time pursuant to the Merger Agreement in exchange for the right to receive cash.
This is a grant of restricted stock with a three year cliff vest provision.
These stock options were granted on May 19, 2015 and become exercisable in three equal installments beginning on the first anniversary of the grant date so long as the recipient remains an employee.
/s/ Rejji P. Hayes
2016-10-18