4//SEC Filing
RECHTER RICHARD P 4
Accession 0001127602-10-003464
CIK 0001096385other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 3:05 PM ET
Size
6.3 KB
Accession
0001127602-10-003464
Insider Transaction Report
Form 4
VECTREN CORPVVC
RECHTER RICHARD P
Director
Transactions
- Discretionary Transaction
Phantom Stock
2010-01-04$24.87/sh−802.504$19,958→ 29,159.25 totalExercise: $0.00→ Common Stock (802.504 underlying)
Footnotes (2)
- [F1]The reporting person received an optional scheduled distribution from the Vectren Corporation Nonqualified Deferred Compensation Plan pursuant to the terms of the Plan. This discretionary transaction is exempt under Rule 16b-3(b)(f). Each share of phantom stock was the equivalent of one share of Vectren common stock. Pursuant to the terms of the Plan, the phantom shares were payable in cash at the closing price on the distribution date to the reporting person within 60 days of the scheduled distribution date.
- [F2]Phantom stock units held under the non-qualified deferred compensation plan will effectively be exercised at the time the amounts represented by those units are paid out under the Plan. Generally, unless provided otherwise by the participant, the payout begins with the end of the board member's service as a member of the board. Pursuant to the non-qualified deferred compensation plan, payouts can occur for up to 15 years. Amounts held in the phantom stock accounts would be amortized over that period unless directed otherwise by the participant.
Documents
Issuer
VECTREN CORP
CIK 0001096385
Entity typeother
Related Parties
1- filerCIK 0001180883
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 3:05 PM ET
- Size
- 6.3 KB