RECHTER RICHARD P 4
4 · VECTREN CORP · Filed May 15, 2009
Insider Transaction Report
Form 4
VECTREN CORPVVC
RECHTER RICHARD P
Director
Transactions
- Award
Phantom Stock
2009-05-13+1,811→ 1,811 totalExercise: $0.00→ Common Stock (1,811 underlying)
Footnotes (1)
- [F1]The stock unit award was granted pursuant to the Vectren Corporation At-Risk Compensation Plan ("Plan") and is subject to all of the terms, provisions and conditions of the Plan. The lifting of restrictions and forfeitability provisions are dependent upon continued service by the board member until the earlier of the 2010 Annual Meeting or May 1, 2010. Upon lifting of restrictions, Grantee shall be paid for each Stock Unit Award in cash, the Fair Market Value of one share of common stock on the date restrictions lapse, provided Grantee is in compliance with share ownership guidelines established by the board of directors. If Grantee is not in compliance with share ownership guidelines, the value of each Stock Unit Award shall be paid in unrestricted Vectren common stock. The board of directors approved the acquisition in accordance with Rule 16b-3.