4//SEC Filing
VECTREN CORP 4
Accession 0001562180-17-000092
CIK 0001096385operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 10:23 AM ET
Size
8.8 KB
Accession
0001562180-17-000092
Insider Transaction Report
Form 4
VECTREN CORPVVC
JISCHKE MARTIN C
Director
Transactions
- Exercise/Conversion
Phantom Stock
2017-01-01−2,144→ 0 totalExercise: $0.00→ Common Stock (2,144 underlying) - Award
Phantom Stock
2017-01-01+2,144→ 18,809.998 totalExercise: $0.00→ Common Stock (2,144 underlying)
Footnotes (3)
- [F1]The stock unit award was granted pursuant to the Vectren Corporation At Risk Compensation Plan (Plan) and was subject to the terms, provisions and conditions of the Plan and Plan grant agreement. The lifting of restrictions and forfeiture provisions were dependent upon continued service by the grantee until January 1, 2017, except as described in the Plan and the Plan grant agreement. The grantee was paid for each stock unit, in cash, the value of one share of Vectren's common stock on the date restrictions lapsed. The conditions associated with the award have been fulfilled and it has now been settled. This transaction was approved in accordance with Rule 16b-3.
- [F2]The reporting person elected to defer the stock unit award to the phantom stock account of the Vectren Corporation Nonqualified Deferred Compensation Plan. This transaction is exempt under Section 16b-3.
- [F3]Phantom stock units held under the non-qualified deferred compensation plan will effectively be exercised at the time amounts represented by those units are paid out under the Plan. Generally, unless provided otherwise by the participant, the payout begins with the end of the board member's service as a member of the board. Pursuant to the non-qualified deferred compensation plan, payouts can occur for up to 15 years. Amounts held in the phantom stock accounts would be amortized over that period unless directed otherwise by the participant.
Documents
Issuer
VECTREN CORP
CIK 0001096385
Entity typeoperating
IncorporatedIN
Related Parties
1- filerCIK 0001096385
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 10:23 AM ET
- Size
- 8.8 KB