20180126Avista to Staff ICNU_DR_030.docx

AVISTA CORP.
RESPONSE TO REQUEST FOR INFORMATION
JURISDICTION:WASHINGTONDATE PREPARED:11/01/2017
CASE NO.:U-170970WITNESS:Scott Morris
REQUESTER:ICNURESPONDER:Annette BrandonTYPE:Data RequestDEPT:State & Federal Regulation
REQUEST NO.:ICNU– 030(AVA)TELEPHONE:[phone]EMAIL:[e-mail]:
Refer to Morris, Exh. SLM-1T at 7:3-5:
Is Scott Morris a shareholder of Avista?
As of July 18, 2017, how many shares of Avista stock did Mr. Morris own?
How many additional shares are available pertaining to stock options, and what is the cost per share of exercising each option?
For all executives, inclusive, how many shares are owned outright by such Avista executives?
What incentives are being offered to Avista executives, should the acquisition by hydro One be approved? Please identify by executive and incentive offered.RESPONSE:Please see ICNU_DR_030(AVA) Attachment A for a copy of the 2017 Avista Hydro One Proxy filed on October 2, 2017. The attachment is provided in electronic format only.Yes, Mr. Morris is a shareholder of Avista.As of September 29, 2017 Mr. Morris owned 183,894 shares of Avista.. Please see page 96 of the Proxy. Avista does not issue stock options.As of September 29, 2017 the total amount of shares beneficially owned by directors and all executive officers as a group is 555,657 direct and 42,734 indirect. In addition, there are other deferred shares, and RSUs not yet vested in the amount of 65,562. Please see page 96 of the Proxy for additional breakdown.There are no “incentives” being offered to Avista executives should the acquisition by Hydro One be approved. There are, however, certain provisions within the agreement that describe the “interests” for which the executive officers may receive upon acquisition. Please see pages 53-58 “Interests of the Company’s Directors and Executive Officers in the Merger” for more detailed information.