4//SEC Filing
WESTBROOK W L 4
Accession 0001140361-11-005291
CIK 0001089819other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 3:16 PM ET
Size
10.7 KB
Accession
0001140361-11-005291
Insider Transaction Report
Form 4
CLECO CORPCNL
WESTBROOK W L
Director
Transactions
- Award
Phantom Stock
2011-01-31$31.38/sh+1,016$31,877→ 43,838 total→ Common Stock, $1.00 par (1,016 underlying) - Award
Phantom Stock
2011-01-28+1,898→ 42,822 total→ Common Stock, $1.00 par (1,898 underlying)
Holdings
- 3,819.026
Common Stock, $1.00 par
Footnotes (4)
- [F1]Includes 30.749 shares acquired through the Cleco Corporation Dividend Reinvestment Plan on November 15, 2010.
- [F2]The shares of phantom stock relate to shares of restricted stock granted under the Cleco Corporation Long-Term Incentive Compensation Plan. No separate value was exchanged for these shares. Except as expressly provided in the grant letter relating to these shares of restricted stock, such shares cannot be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by the reporting person prior to January 28, 2017. The reporting person has elected to defer receipt of these shares of restricted stock under the Cleco Corporation Deferred Compensation Plan (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.
- [F3]Includes 5,196 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) 2,228 shares of phantom stock subject to restrictions that lapse on January 27, 2012; (b) 1,846 shares of phantom stock subject to restrictions that lapse on January 26, 2013; (c) 2,140 shares of phantom stock subject to restrictions that lapse on January 25, 2014; (d) 2,544 shares of phantom stock subject to restrictions that lapse on January 30, 2015; (e) 2,149 shares of phantom stock subject to restrictions that lapse on January 29, 2016 and (f) 1,898 shares of phantom stock subject to restrictions that lapse on January 28, 2017.
- [F4]The shares of phantom stock relate to director compensation that the reporting person has elected to defer under the Cleco Corporation Deferred Compensation Plan (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.
Documents
Issuer
CLECO CORP
CIK 0001089819
Entity typeother
Related Parties
1- filerCIK 0001256431
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 3:16 PM ET
- Size
- 10.7 KB