-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KYheyi+XImyJnsgX0bVzgoOn7WfBmg6PcuC4GFPcFWB/mYx+mBbF3kylAr9ycYcC 7FIbgX69MDAv1FUnBnjQGQ== 0000107815-06-000175.txt : 20061129 0000107815-06-000175.hdr.sgml : 20061129 20061129172841 ACCESSION NUMBER: 0000107815-06-000175 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20061127 FILED AS OF DATE: 20061129 DATE AS OF CHANGE: 20061129 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WISCONSIN ENERGY CORP CENTRAL INDEX KEY: 0000783325 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 391391525 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 231 W MICHIGAN ST STREET 2: P O BOX 1331 CITY: MILWAUKEE STATE: WI ZIP: 53201 BUSINESS PHONE: 414-221-2345 MAIL ADDRESS: STREET 1: 231 WEST MICHIGAN STREET STREET 2: P O BOX 1331 CITY: MILWAUKEE STATE: WI ZIP: 53201 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RAPPE KRISTINE A CENTRAL INDEX KEY: 0001278949 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09057 FILM NUMBER: 061246288 BUSINESS ADDRESS: STREET 1: STATE FINANCIAL SERVICES CORP STREET 2: 815 NORTH WATER STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414 221 2985 MAIL ADDRESS: STREET 1: 231 W. MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53203 4 1 edgar.xml PRIMARY DOCUMENT X0202 4 2006-11-27 0000783325 WISCONSIN ENERGY CORP WEC 0001278949 RAPPE KRISTINE A 231 WEST MICHIGAN STREET MILWAUKEE, WI 53203 0 1 0 0 Sr. VP, Chief Admin. Officer Common Stock 2006-11-27 4 F 0 28 33.78 D 8760 D Common Stock 2006-11-27 4 F 0 7 34.99 D 8753 D Common Stock 2006-11-27 4 D 0 1191 D 7562 D Common Stock 6728 I ERSP Phantom Stock Units 2006-11-27 4 A 0 1198 A Common Stock 1198 8064 D Certain shares of restricted stock granted in 1999, the award of which was previously reported, vested in 2004 and 2005 pursuant to their terms upon the achievement by WEC of pre-established earnings per share targets. Due to clerical errors, WEC inadvertantly missed such vesting and never released the shares to the reporting person. The reported prices represent the fair market value of WEC common stock on the dates in 2004 ($33.78) and 2005 ($34.99) the Compensation Committee of the WEC Board of Directors validated WEC's earnings per share for 2003 and 2004, respectively, that satisfied the earnings per share targets and resulted in the vesting of the shares. Includes shares acquired pursuant to a dividend reinvestment feature of Wisconsin Energy Corporation's Stock Plus Investment Plan in transactions exempt from Section 16 pursuant to Rule 16a-11. Upon the release of restricted stock granted to the reporting person on November 27, 2006, the reporting person deferred the receipt of 1,191 shares of common stock and received instead 1,198 phantom stock units (PSU) pursuant to the WEC Executive Deferred Compensation Plan (EDCP). As a result, the reporting person is reporting the disposition of 1,191 shares of common stock in exhange for 1,198 PSU. The difference between the number of shares of common stock deferred and the number of PSU received can be attributed to the fact that the fair market value of the restricted stock (which determines tax liability, and therefore, the net number of shares ultimately released to the reporting person) is determined by averaging the low and high trading prices of WEC common stock on the date of vesting while, pursuant to the terms of the EDCP, the acquisition price of the PSU is equal to the closing price of WEC common stock on the date of acquisition. Includes shares acquired under Wisconsin Energy Corporation's Employee Retirement Savings Plan (ERSP) in transactions exempt from Section 16(b) pursuant to Rule 16b-3(c) and exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B). The number of shares in the ERSP attributable to any one participant varies with the price of the Common Stock. The information in this report is based on a plan statement dated as of October 31, 2006. One-for-one. These phantom stock units were accrued under the EDCP and are to be settled following the reporting person's retirement or other termination of employment. Includes PSU accrued pursuant to a dividend reinvestment feature of the EDCP in transactions exempt from Section 16 pursuant to Rule 16a-11. \s\ Joshua M. Erickson, as Attorney-in-Fact 2006-11-29 -----END PRIVACY-ENHANCED MESSAGE-----