CLECO CORP 4
4 · CLECO CORP · Filed Nov 18, 2013
Insider Transaction Report
Form 4
CLECO CORPCNL
WALKER WILLIAM H JR
Director
Transactions
- Award
Phantom Stock
2013-11-15$46.48/sh+353$16,407→ 45,586 total→ Common Stock, $1.00 par (353 underlying)
Holdings
- 59,266.446
Common Stock, $1.00 par
Footnotes (3)
- [F1]Includes 22.998 shares acquired on August 20, 2013 through the Cleco Corporation Dividend Reinvestment Plan.
- [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 12,865 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) 1,717 shares of phantom stock subject to restrictions that lapse on January 27, 2018 and (f) 1,596 shares of phantom stock subject to restrictions that lapse on January 24, 2019.