WALKER WILLIAM H JR 4
4 · CLECO CORP · Filed Nov 19, 2012
Insider Transaction Report
Form 4
CLECO CORPCNL
WALKER WILLIAM H JR
Director
Transactions
- Award
Phantom Stock
2012-11-15$38.76/sh+369$14,302→ 42,609 total→ Common Stock, $1.00 par (369 underlying)
Holdings
- 83,519.092
Common Stock, $1.00 par
Footnotes (3)
- [F1]Includes 23.093 shares acquired through the Cleco Corporation Dividend Reinvestment Plan on August 20, 2012.
- [F2]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.
- [F3]Includes 11,484 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) 2,140 shares of phantom stock subject to restrictions that lapse on January 25, 2014; (b) 2,544 shares of phantom stock subject to restrictions that lapse on January 30, 2015; (c) 2,149 shares of phantom stock subject to restrictions that lapse on January 29, 2016; (d) 1,898 shares of phantom stock subject to restrictions that lapse on January 28, 2017 and (e) 1,717 shares of phantom stock subject to restrictions that lapse on January 27, 2018.