CLECO CORP 4
4 · CLECO CORP · Filed Feb 4, 2014
Insider Transaction Report
Form 4
CLECO CORPCNL
Callis Julia E
Assoc Gen Counsel & Corp Sec
Transactions
- Award
Common Stock, $1 par
2014-01-31+2,544→ 8,309 total
Footnotes (2)
- [F1]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, 2014 and ending December 31, 2016. For the 2014 - 2016 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.
- [F2]No value was exchanged for these shares.