0001404409-16-000122.txt : 20160705
0001404409-16-000122.hdr.sgml : 20160705
20160705162513
ACCESSION NUMBER: 0001404409-16-000122
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160701
FILED AS OF DATE: 20160705
DATE AS OF CHANGE: 20160705
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TECO ENERGY INC
CENTRAL INDEX KEY: 0000350563
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 592052286
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 702 N FRANKLIN ST
STREET 2: TECO PLAZA
CITY: TAMPA
STATE: FL
ZIP: 33602
BUSINESS PHONE: 8132284111
MAIL ADDRESS:
STREET 1: 702 N FRANKLIN ST
STREET 2: TECO PLAZA
CITY: TAMPA
STATE: FL
ZIP: 33602
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Callahan Sandra W.
CENTRAL INDEX KEY: 0001388821
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08180
FILM NUMBER: 161750768
MAIL ADDRESS:
STREET 1: C/O TECO ENERGY, INC.
STREET 2: P.O. BOX 111
CITY: TAMPA
STATE: FL
ZIP: 33602
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2016-07-01
1
0000350563
TECO ENERGY INC
TE
0001388821
Callahan Sandra W.
C/O TECO ENERGY, INC.
P. O. BOX 111
TAMPA
FL
33601-0111
0
1
0
0
Senior VP/CFO
Common Stock
2016-07-01
4
D
0
172976.755
27.55
D
0
D
Common Stock
2016-07-01
4
D
0
9155.616
27.55
D
0
I
By Savings Plan
Restricted Stock Units
2016-07-01
4
D
0
25997
0
D
Common Stock
25997
0
D
Reflects the disposition of shares and restricted shares pursuant to the Agreement and Plan of Merger by and among TECO Energy, Inc., Emera Inc. and Emera US Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, as of the effective date of the merger (July 1, 2016), the outstanding shares of TECO common stock were cancelled and converted automatically into the right to receive (without interest, and less any applicable withholdings) $27.55 in cash per share (the "Per-Share Merger Consideration"). Pursuant to the Merger Agreement, with respect to performance-based awards, any performance goals and bonus multipliers were deemed achieved at the maximum level.
Reflects the disposition of Restricted Stock Units pursuant to the Merger Agreement. Pursuant to the Merger Agreement, as of the effective date of the merger, the Restricted Stock Units were cancelled and converted into the right to receive (i) a pro-rated lump-sum cash payment based on the Per-Share Merger Consideration (paid as promptly as practicable following the effective date of the merger, less any applicable witholdings) and (ii) a cash service award subject to the same terms and conditions (including service-based vesting, but not performance-based vesting) applicable to the corresponding Restricted Stock Unit immediately prior to the effective date of the merger. Pursuant to the Merger Agreement, with respect to performance-based awards, any performance goals and bonus multipliers were deemed achieved at the maximum level.
David E. Schwartz, by Power of Attorney
2016-07-05