WESTBROOK W L 4
4 · CLECO CORP · Filed Aug 18, 2009
Insider Transaction Report
Form 4
CLECO CORPCNL
WESTBROOK W L
Director
Transactions
- Award
Phantom Stock
2009-08-17$24.21/sh+304$7,360→ 32,853 total→ Common Stock, $1.00 par (304 underlying)
Holdings
- 3,621.165
Common Stock, $1.00 par
Footnotes (2)
- [F1]The shares of phantom stock relate to dividend reinvestment on shares of phantom stock pursuant to the terms and provisions of the Cleco Corporation Deferred Compensation Plan (the "Plan"). The reporting person has elected to defer receipt of these shares under the Plan. Each share of phantom stock is the economic equivalent of one share of Cleco Corporation common stock. Shares of phantom stock may be transferred by the reporting person into an alternative investment account in the Plan at any time pursuant to the terms and provisions of the Plan.
- [F2]Includes 3,541 shares of phantom stock (not subject to restrictions) related to dividend reinvestment on shares of phantom stock pursuant to the terms and provisions of the Plan. Includes (a) 1,200 shares of phantom stock subject to restrictions that lapse on July 23, 2010; (b) 2,339 shares of phantom stock subject to restrictions that lapse on January 28, 2011; (c) 2,228 shares of phantom stock subject to restrictions that lapse on January 27, 2012; (d) 1,846 shares of phantom stock subject to restrictions that lapse on January 26, 2013; (e) 2,140 shares of phantom stock subject to restrictions that lapse on January 25, 2014; and (f) 2,544 shares of phantom stock subject to restrictions that lapse on January 30, 2015.