Form Type: 4

SEC EDGAR Link
Accession Number:0001127602-14-026735
Date:2014-08-27
Issuer: ITC HOLDINGS CORP. (ITC)
Original Submission Date:

Reporting Person:

JIPPING JON E
27175 ENERGY WAY
NOVI, MI 48377

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature 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
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
Footnotes
IDfootnote
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.
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