VECTREN CORP 4
4 · VECTREN CORP · Filed Jan 5, 2016
Insider Transaction Report
Form 4
VECTREN CORPVVC
GEORGE ANTON H
Director
Transactions
- Exercise/Conversion
Phantom Stock
2016-01-01−1,867→ 0 totalExercise: $0.00→ Common Stock (1,867 underlying) - Exercise/Conversion
Common Stock
2016-01-01+1,867→ 18,803.083 total - Disposition to Issuer
Common Stock
2016-01-01$42.42/sh−1,867$79,198→ 16,936.083 total
Footnotes (2)
- [F1]The stock unit award vesting was settled for cash. Each share of phantom stock was the economic equivalent of one share of VVC common stock.
- [F2]The stock unit award was granted pursuant to the Vectren Corporation At Risk Compensation Plan ("Plan") and is subject to all of the terms, provisions and conditions of the Plan. The lifting of restrictions and forfeitability provisions are dependent upon continued service by the board member until January 1, 2016. Upon lifting of restrictions, grantee shall be paid for each stock unit award, in cash, the fair market value of one share of common stock on the date restrictions lapse, provided grantee is in compliance with the share ownership guidelines established by the board of directors. If grantee is not in compliance with the share ownership guidelines, the value of each stock unit award shall be paid in unrestricted Vectren common stock. The board of directors approved the acquisition in accordance with Rule 16b-3.