4//SEC Filing
MAYS WILLIAM G 4
Accession 0001127602-12-015698
CIK 0001096385other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 11:27 AM ET
Size
8.6 KB
Accession
0001127602-12-015698
Insider Transaction Report
Form 4
VECTREN CORPVVC
MAYS WILLIAM G
Director
Transactions
- Exercise/Conversion
Phantom Stock
2012-05-01−1,805→ 0 totalExercise: $0.00→ Common Stock (1,805 underlying) - Award
Phantom Stock
2012-05-01+1,805→ 12,173.683 totalExercise: $0.00→ Common Stock (1,805 underlying)
Footnotes (4)
- [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 May 1, 2012. 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.
- [F2]Each share of phantom stock was the economic equivalent of one share of VVC common stock.
- [F3]Phantom stock units held under the non-qualified deferred compensation plan will effectively be exercised at the time 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.
- [F4]The reporting person elected to defer the stock unit award to the phantom stock account of the Vectren Corporation Nonqualified Deferred Compensation Plan. Each share of the phantom stock was the economic equivalent of one share of VVC common stock.
Documents
Issuer
VECTREN CORP
CIK 0001096385
Entity typeother
Related Parties
1- filerCIK 0001180882
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 11:27 AM ET
- Size
- 8.6 KB