Pearce Mark D 4
4 · CLECO CORP · Filed Jan 30, 2007
Insider Transaction Report
Form 4
CLECO CORPCNL
Pearce Mark D
Associate General Counsel
Transactions
- Award
Common Stock, $1 par
2007-01-26+212→ 3,566.151 total - Award
Common Stock, $1 par
2007-01-26+1,144→ 4,710.151 total
Footnotes (2)
- [F1]Shares acquired under the Company's 2000 Long-Term Incentive Compensation Plan as the result of the Company's above-target performance during the three-year period ending December 31, 2006.
- [F2]Performance shares granted under the Company's 2000 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, 2007 and ending December 31, 2009. For the 2007 - 2009 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 the S&P Small and MidCap Electric Utilities Index 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.