Mannix Charles 4
4 · CLECO CORP · Filed Jan 31, 2011
Insider Transaction Report
Form 4
CLECO CORPCNL
Mannix Charles
Vice President
Transactions
- Award
Common Stock, $1 par
2011-01-28+1,472→ 11,576 total - Award
Common Stock, $1 par
2011-01-28+3,760→ 15,336 total
Footnotes (3)
- [F1]Shares acquired under the Company's 2000 Long-Term Incentive Compensation Plan as the result of the Company's above-target performance during the three-year period ending December 31, 2010.
- [F2]No value was exchanged for these shares.
- [F3]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, 2011 and ending December 31, 2013. For the 2011 - 2013 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 a peer group also selected by the Committee 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.