CLECO CORP 4
4 · CLECO CORP · Filed May 19, 2015
Insider Transaction Report
Form 4
CLECO CORPCNL
WALKER WILLIAM H JR
Director
Transactions
- Award
Phantom Stock
2015-05-15$53.96/sh+352$18,994→ 49,050 total→ Common Stock, $1.00 par (352 underlying)
Holdings
- 61,003.031
Common Stock, $1.00 par
Footnotes (3)
- [F1]Includes 19.507 shares acquired on February 20, 2015 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 17,150 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) 2,149 shares of phantom stock subject to restrictions that lapse on January 29, 2016; (b) 1,898 shares of phantom stock subject to restrictions that lapse on January 28, 2017; (c) 1,717 shares of phantom stock subject to restrictions that lapse on January 27, 2018 and (d) 1,596 shares of phantom stock subject to restrictions that lapse on January 24, 2019.