8-K Filing Shows Teco Energy CEO Enters 10b5-1 Plan

"On March 16, 2015, John B. Ramil, President and Chief Executive Officer of TECO Energy, Inc. (the "Company"), entered into a Rule 10b5-1 plan (the "Plan") with a broker to sell certain Company common stock that will be acquired on the vesting of Mr. Ramil's restricted stock and exercise of stock options, beginning in June 2015. The Plan will terminate upon the earlier of (i) the sale of all such shares in accordance with the terms of the Plan or (ii) April 30, 2016. All sales of Company common stock under the Plan will be reported through appropriate filings with the Securities and Exchange Commission. The Plan is intended to comply with the Company's trading policy for insiders and the provisions of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Rule 10b5-1 permits officers and directors of public companies to adopt pre-determined plans for buying or selling specified amounts of stock. Mr. Ramil will continue to be subject to the Company's stock ownership guideline of owning Company common stock with a market value of at least five times his annual base salary. On the date of this report, Mr. Ramil owns Company common stock with a market value well in excess of this guideline. The Company does not undertake any obligation to report Rule 10b5-1 plans that may be adopted by any of the Company's directors or officers from time to time or to report any modification or termination of such plans."