4//SEC Filing
VECTREN CORP 4
Accession 0001127602-15-000233
CIK 0001096385operating
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 6:47 PM ET
Size
6.6 KB
Accession
0001127602-15-000233
Insider Transaction Report
Form 4
VECTREN CORPVVC
BENKERT JEROME A JR
EXEC VP, CFO
Transactions
- Award
Phantom Stock
2015-01-01+10,200→ 10,200 totalExercise: $0.00→ Common Stock (10,200 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 Grant Agreement. The lifting of restrictions and the application of the forfeiture provisions are dependent upon performance under pre-established metrics during a measuring period from January 1, 2015 through December 31, 2017 and subject to continued employment until the Committee lifts the restrictions, or upon enumerated circumstances, as more fully described in the Plan and the Plan Grant Agreement. 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 ten days before the Committee certifies results with respect to this grant, as provided in the Plan and the Plan Grant Agreement, which will be after fiscal year 2017 and is expected to be no later than March 31, 2018, or if the lifting of restrictions occurs prior to the date of Committee certification, the Fair Market Value of one share of Common Stock on the date the restrictions lapse. At the time restrictions lift, if the grantee is not then in compliance with the share ownership guidelines established by the Board, 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 previously 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 1, 7:00 PM ET
- Accepted
- Jan 2, 6:47 PM ET
- Size
- 6.6 KB