GARRETT J PATRICK 4
4 · CLECO CORP · Filed Feb 16, 2011
Insider Transaction Report
Form 4
CLECO CORPCNL
GARRETT J PATRICK
Director
Transactions
- Award
Phantom Stock
2011-02-15$31.73/sh+413$13,104→ 52,762.866 total→ Common Stock, $1.00 par (413 underlying)
Holdings
- 50,649.808
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 8,557 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) 1,064 shares of phantom stock subject to restrictions that lapse on July 22, 2011; (b) 2,228 shares of phantom stock subject to restrictions that lapse on January 27, 2012; (c) 1,846 shares of phantom stock subject to restrictions that lapse on January 26, 2013; (d) 2,140 shares of phantom stock subject to restrictions that lapse on January 25, 2014; (e) 2,544 shares of phantom stock subject to restrictions that lapse on January 30, 2015; (f) 2,149 shares of phantom stock subject to restrictions that lapse on January 29, 2016 and (g) 1,898 shares of phantom stock subject to restrictions that lapse on January 28, 2017.