VECTREN CORP 4
4 · VECTREN CORP · Filed Aug 11, 2014
Insider Transaction Report
Form 4
VECTREN CORPVVC
BENKERT JEROME A JR
EXEC VP, CFO
Transactions
- Discretionary Transaction
Phantom Stock
2014-08-08$38.52/sh−2,934.386$113,033→ 0 total→ Common Stock (2,934.386 underlying)
Footnotes (2)
- [F1]Each phantom stock unit is the equivalent of one share of Vectren common stock.
- [F2]Phantom stock units held under the non-qualified deferred compensation plan will effectively be exercised at the time the amounts represented by these units are paid out under the Plan. Generally, unless provided otherwise by the participant,the payout begins with the end of the officer's employment with the Company or one of its participating subsidiaries. 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.