RATCLIFF ROBERT T SR 4
4 · CLECO CORP · Filed Nov 1, 2011
Insider Transaction Report
Form 4
CLECO CORPCNL
RATCLIFF ROBERT T
Director
Transactions
- Award
Phantom Stock
2011-10-28$37.00/sh+203$7,511→ 18,007.884 total→ Common Stock, $1.00 par (203 underlying)
Holdings
- 34,064.988
Common Stock, $1.00 par
Footnotes (3)
- [F1]Includes 212.848 shares acquired through the Cleco Corporation Dividend Reinvestment Plan on August 18, 2011.
- [F2]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.
- [F3]Includes 1,594 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) 1,846 shares of phantom stock subject to restrictions that lapse on January 26, 2013; (b) 2,140 shares of phantom stock subject to restrictions that lapse on January 25, 2014; (c) 2,544 shares of phantom stock subject to restrictions that lapse on January 30, 2015; (d) 2,149 shares of phantom stock subject to restrictions that lapse on January 29, 2016 and (e) 1,898 shares of phantom stock subject to restrictions that lapse on January 28, 2017.