RATCLIFF ROBERT T SR 4
4 · CLECO CORP · Filed Nov 19, 2012
Insider Transaction Report
Form 4
CLECO CORPCNL
RATCLIFF ROBERT T
Director
Transactions
- Award
Phantom Stock
2012-11-15$38.76/sh+195$7,558→ 23,397.884 total→ Common Stock, $1.00 par (195 underlying)
Holdings
- 45,298.107
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.
- [F2]Includes 2,445 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; (e) 1,898 shares of phantom stock subject to restrictions that lapse on January 28, 2017 and (f) 1,717 shares of phantom stock subject to restrictions that lapse on January 27, 2018.