GARRETT J PATRICK 4
4 · CLECO CORP · Filed Jan 28, 2013
Insider Transaction Report
Form 4
CLECO CORPCNL
GARRETT J PATRICK
Director
Transactions
- Award
Phantom Stock
2013-01-24+1,964→ 60,005.866 total→ Common Stock, $1.00 par (1,964 underlying)
Holdings
- 50,732.808
Common Stock, $1.00 par
Footnotes (2)
- [F1]The shares of phantom stock relate to shares of restricted stock granted under the Cleco Corporation Long-Term Incentive Compensation Plan. No separate value was exchanged for these shares. Except as expressly provided in the grant letter relating to these shares of restricted stock, such shares cannot be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of by the reporting person prior to January 24, 2019. The reporting person has elected to defer receipt of these shares of restricted stock 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.
- [F2]Includes 11,723 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; (e) 2,113 shares of phantom stock subject to restrictions that lapse on January 27, 2018 and (f) 1,964 shares of phantom stock subject to restrictions that lapse on January 24, 2019.