OELKERS ROBERT C 4
4 · DYNEGY INC /IL/ · Filed Oct 16, 2003
Insider Transaction Report
Form 4
OELKERS ROBERT C
Director
Transactions
- Award
Phantom Stock
2003-10-14+3,472.22→ 11,237.68 total→ Class A Common Stock (3,472.22 underlying)
Footnotes (3)
- [F1]These shares of phantom stock are convertible on a 1-for-1 basis.
- [F2]Reflects shares of phantom stock issued to the Reporting Person pursuant to the Dynegy Inc. Deferred Compensation Plan for Certain Directors, a Rule 16b-3 Plan with the issuer. The shares of phantom stock were issued in connection with the Reporting Person’s director compensation for the third quarter of 2003, and the number of shares issued with respect to the quarter was calculated based on the closing price of the issuer’s Class A common stock of $3.60 on September 30, 2003, the last trading day of the quarter.
- [F3]If the Reporting Person's service as a director is terminated on or before December 31, 2003, then the shares of phantom stock become payable in the number of annual installment payments determined by the issuer in its sole discretion. If the Reporting Person's service as a director is terminated thereafter, the shares of phantom stock become payable, at the election of the Reporting Person, in a lump sum payment or in monthly, quarterly or annual installment payments following such termination. The shares of phantom stock are payable in cash or, subject to the prior approval of the shareholders of the issuer in accordance with applicable law, in shares of the issuer’s Class A common stock.