4//SEC Filing
VECTREN CORP 4
Accession 0001127602-15-016109
CIK 0001096385operating
Filed
May 3, 8:00 PM ET
Accepted
May 4, 5:43 PM ET
Size
8.7 KB
Accession
0001127602-15-016109
Insider Transaction Report
Form 4
VECTREN CORPVVC
ELLERBROOK NIEL C
DirectorChm & CEO
Transactions
- Exercise/Conversion
Phantom Stock
2015-05-01−1,857→ 0 totalExercise: $0.00→ Common Stock (1,857 underlying) - Disposition to Issuer
Common Stock
2015-05-01$43.24/sh−1,857$80,297→ 35,408.661 total - Exercise/Conversion
Common Stock
2015-05-01+1,857→ 37,265.661 total
Footnotes (2)
- [F1]The stock unit award vesting was settled for cash. Each share of phantom stock was the economic equivalent of one share of VVC common stock.
- [F2]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, 2015. 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 the share ownership guidelines established by the board of directors. If grantee is not in compliance with the 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.
Documents
Issuer
VECTREN CORP
CIK 0001096385
Entity typeoperating
IncorporatedIN
Related Parties
1- filerCIK 0001096385
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 5:43 PM ET
- Size
- 8.7 KB