[Federal Register Volume 64, Number 19 (Friday, January 29, 1999)]
[Notices]
[Page 4728]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-2105]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 35-26968]
Filings Under the Public Utility Holding Company Act of 1935, as
Amended (``Act'')
January 22, 1999.
Notice is hereby given that the following filing(s) has/have been
made with the Commission pursuant to provisions of the Act and rules
promulgated under the Act. All interested persons are referred to the
application(s) and/or declaration(s) for complete statements of the
proposed transaction(s) summarized below. The application(s) and/or
declaration(s) and any amendments is/are available for public
inspection through the Commission's Office of Public Reference.
Interested persons wishing to comment or request a hearing on the
application(s) and/or declaration(s) should submit their views in
writing by February 16, 1999, to the Secretary, Securities and Exchange
Commission, Washington, D.C. 20549, and serve a copy on the relevant
applicant(s) and/or declarants(s) at the address(es) specified below.
Proof of service (by affidavit or, in case of an attorney at law, by
certificate) should be filed with the request. Any request for hearing
should identify specifically the issues of fact or law that are
disputed. A person who so requests will be notified of any hearing, if
ordered, and will receive a copy of any notice or order issued in the
matter. After February 16, 1999, the application(s) and/or
declaration(s), as filed or as amended, may be granted and/or permitted
to become effective.
Unitil Corporation (70-9429)
Until Corporation (``Unitil''), 6 Liberty Lane West, Hampton, New
Hampshire 03833, a registered holding company, has filed a declaration
under sections 6(a) and 7 of the Act and rule 54 under the Act.
The Unitil board of directors has adopted the Unitil Corporation
1998 stock option plan (``Plan''). Unitil proposes to grant stock
options (``Stock Options'') through March 1, 2004 under the Plan to
certain employees and directors, for the purchase of up to 350,000
shares of Unitil common stock (``Common Stock''). In addition, Unitil
proposes to issue and sell up to 350,000 shares of Common Stock through
March 1, 2004 upon the exercise of Stock Options.
The purpose of the Plan is to provide an incentive to key employees
and directors of Unitil and its affiliates who are in a position to
contribute materially to the long-term success of Unitil and/or its
affiliates, to increase their interest in the welfare of Unitil and its
affiliates and to attract and retain employees and directors of
outstanding ability. A committee (``Committee''), made up of Unitil
board members, will administer the Plan. The Committee will have
authority to interpret the Plan and to designate the recipients of the
Stock Options.
Stock Options granted under the Plan will entitle the holders of
those options to purchase up to the number of shares of Common Stock
specified in the grant at a price established by the Committee. Under
the Plan, Stock Options for shares constituting not more than five
percent of the Common Stock may be issued in any one year.
For the Commission by the Division of Investment Management,
under delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-2105 Filed 1-28-99; 8:45 am]
BILLING CODE 8010-01-M
