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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Options (Right to Buy) | $ 26.59 | 06/15/2015 | J(1) | 5,463 | (2) | 01/23/2023 | Common Stock | 5,463 | $ 0 | 55,153 | D | ||||
Employee Stock Options (Right to Buy) | $ 25.41 | 06/15/2015 | J(1) | 2,934 | (3) | 01/25/2022 | Common Stock | 2,934 | $ 0 | 29,624 | D | ||||
Employee Stock Options (Right to Buy) | $ 23.2 | 06/15/2015 | J(1) | 2,631 | (4) | 01/26/2021 | Common Stock | 2,631 | $ 0 | 26,561 | D | ||||
Employee Stock Options (Right to Buy) | $ 25.13 | 06/15/2015 | J(1) | 1,356 | (5) | 03/28/2020 | Common Stock | 1,356 | $ 0 | 13,696 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Sorgi Vincent TWO NORTH NINTH STREET ALLENTOWN, PA 18101 |
Sr. Vice President and CFO |
/s/Frederick C. Paine, as Attorney-In-Fact for Vincent Sorgi | 06/17/2015 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Reflects adjustment to previously granted stock options of the exercise price and number of options granted in respect of the June 1, 2015 spinoff of Talen Energy Corporation. |
(2) | Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. 36,768 options from the total outstanding options have vested. The remaining 18,385 options vest on January 24, 2016. |
(3) | Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. The total options previously granted vested in three annual installments on January 26, 2013, January 26, 2014 and January 26, 2015. |
(4) | Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. The total options previously granted vested in three annual installments on January 27, 2012, January 27, 2013 and January 27, 2014. |
(5) | Additional options granted vest on the same schedule as the previously granted options for which the spinoff adjustment has been made. The total options previously granted vested in three annual installments on March 29, 2011, March 29, 2012 and March 29, 2013. |