Johnson William Keith Jr. 4
4 · CLECO CORP · Filed Feb 1, 2010
Insider Transaction Report
Form 4
CLECO CORPCNL
Johnson William Keith Jr.
Acting VP - Cleco Midstream
Transactions
- Award
Common Stock, $1.00 par
2010-01-29+1,031→ 14,647.559 total
Footnotes (2)
- [F1]Performance shares granted under the Company?s 2010 Long-Term Incentive Compensation Plan. Shares are subject to forfeiture, in whole or in part, based on the Company?s performance during a three-year period beginning January 1, 2010 and ending December 31, 2012. For the 2010 ? 2012 performance cycle, the Compensation Committee has established total shareholder return (defined as the Company?s common stock price appreciation plus dividends paid during the performance cycle) compared to companies in the S&P Small and MidCap Electric Utilities (GICS and NAICS) group as the performance goal. Dividends will be accrued quarterly during the performance cycle, are subject to forfeiture in whole or in part, and will be paid only after the final determination of performance and in proportion to the target shares.
- [F2]Total includes 136.3732 shares acquired through contributions and/or reinvestment of dividends under the Company's 401(k) plan and 0.0399 shares acquired through the Company's Employee Stock Purchase Plan during the period 7/21/09 through 12/31/09.