4//SEC Filing
BAUSEWINE GEORGE W 4
Accession 0001140361-12-004132
CIK 0001089819other
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 12:40 PM ET
Size
9.3 KB
Accession
0001140361-12-004132
Insider Transaction Report
Form 4
CLECO CORPCNL
BAUSEWINE GEORGE W
Sr Vice President
Transactions
- Tax Payment
Common Stock, $1 par
2012-01-27−302→ 77,239.775 total - Award
Common Stock, $1 par
2012-01-27+2,979→ 72,188.775 total - Award
Common Stock, $1 par
2012-01-27+5,353→ 77,541.775 total
Footnotes (6)
- [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, 2011.
- [F2]No value was exchanged for these shares.
- [F3]Total includes 292.586 shares acquired through contributions and/or reinvestment of dividends under the Company's 401(k) plan during 2011.
- [F4]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, 2012 and ending December 31, 2014. For the 2012 - 2014 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.
- [F5]Payment of tax liability by withholding securities incident to the receipt of shares granted under the Company's 2010 Long-Term Incentive Compensation Plan for which restrictions lapsed 01/27/2012.
- [F6]The number of shares withheld was based on the closing price of the Company's common stock on 01/27/2012 ($38.19).
Documents
Issuer
CLECO CORP
CIK 0001089819
Entity typeother
Related Parties
1- filerCIK 0001186051
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 12:40 PM ET
- Size
- 9.3 KB