Accession Number: | 0001127602-14-026735 |
Date: | 2014-08-27 |
Issuer: | ITC HOLDINGS CORP. (ITC) |
Original Submission Date: |
JIPPING JON E
27175 ENERGY WAY
NOVI, MI 48377
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK WITHOUT PAR VALUE | 2014-08-27 | G | 5,350 | d | $37.50 | 77,774 | direct | ||
COMMON STOCK WITHOUT PAR VALUE | 2014-08-27 | M | 29,898 | a | $18.96 | 107,672 | direct | ||
COMMON STOCK WITHOUT PAR VALUE | 2014-08-27 | S | 29,898 | d | $37.50 | 77,774 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
EMPLOYEE STOCK OPTION (RIGHT TO BUY) | 18.96 | 2014-08-27 | deemed execution date | M | 29,898 (d) | 2018-08-13 | common stock without par value 29,898 | $18.96 | 26,397 | direct |
ID | footnote |
---|---|
f1 | the fair market value used was $37.50. this was based on the closing price on the date of transfer. |
f2 | the weighted average sales price is $37.5001. sale prices ranged from $37.50 to $37.52. |
f3 | these stock options become exercisable in three equal installments beginning on the first anniversary of the grant date so long as the recipient remains an employee. |