4//SEC Filing
VECTREN CORP 4
Accession 0001127602-14-002575
CIK 0001096385operating
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 6:04 PM ET
Size
6.3 KB
Accession
0001127602-14-002575
Insider Transaction Report
Form 4
VECTREN CORPVVC
DOTY WILLIAM S
Exec VP, Utility Ops.
Transactions
- Award
Phantom Stock
2014-01-17+12,500→ 12,500 totalExercise: $0.00→ Common Stock (12,500 underlying)
Footnotes (1)
- [F1]The stock unit awards were acquired pursuant to the Vectren Corporation At Risk Compensation Plan (Plan) and are subject to forfeiture as provided by the Plan and the Plan agreement. The lifting of restrictions and the application of the forfeiture provisions were dependent upon performance during a measuring period from January 1, 2014 through December 31, 2016 and, subject to certain enumerated circumstances, continued employment until December 31, 2017. Upon lifting of restrictions, the grantee shall be paid, for each stock unit award, in cash, the value of one share of common stock determined by calculating the average of the closing price of the common stock on the New York Stock Exchange for the three consecutive trading days immediately preceding December 25, 2017, or if the lifting of restrictions occurs prior to December 25, 2017, the fair market value of one share of common stock on the date the restrictions lapse; provided, however, if the restrictions are being lifted as of December 31, 2017, and the grantee is not then in compliance with the share ownership guidelines established by the Board, at that time the value of each stock unit award shall be paid to the grantee in one unrestricted share of the company's common stock. Dividends paid during the restriction period shall accrue as additional stock unit awards and are subject to forfeiture. The Board Compensation and Benefits Committee approved the acquisition in accordance with Rule 16b-3(d).
Documents
Issuer
VECTREN CORP
CIK 0001096385
Entity typeoperating
IncorporatedIN
Related Parties
1- filerCIK 0001096385
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 6:04 PM ET
- Size
- 6.3 KB