WESTBROOK W L 4
4 · CLECO CORP · Filed May 3, 2011
Insider Transaction Report
Form 4
CLECO CORPCNL
WESTBROOK W L
Director
Transactions
- Award
Phantom Stock
2011-04-29$35.25/sh+579$20,410→ 44,763 total→ Common Stock, $1.00 par (579 underlying)
Holdings
- 24.363
Common Stock, $1.00 par
Footnotes (2)
- [F1]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.
- [F2]Includes 5,542 shares of phantom stock (not subject to restrictions) related to dividend reinvestment. Restrictions on balance of phantom stock shares lapsed on April 29, 2011, upon Mr. Westbrook's retirement from the Company's Board of Directors.