SEC Form 4 · accession 0001140361-15-003421
Cleco Corporate Holdings LLC · CNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judy P Miller
Officer — Sr Vice President
Period of report
Jan 29, 2015
Accepted (ET)
Feb 2, 2015 · 12:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001089819
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $1 parF2 | Jan 29, 2015 | A | 991 | — | A | 33,322 | D | |
| Common Stock, $1 parF2 | Jan 29, 2015 | F | 375 | — | D | 32,947 | D | |
| Common Stock, $1 parF2 | Jan 29, 2015 | A | 4,102 | — | A | 37,049 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares acquired under the Company's 2010 Long-Term Incentive Compensation Plan as the result of the Company's above-target performance during the three-year period ending December 31, 2014.
- F2No value was exchanged for these shares.
- F3Payment of tax liability by withholding securities incident to the receipt of shares awarded under the Company's 2010 Long-Term Incentive Compensation Plan for the three-year performance period ending December 31, 2014.
- F4Performance 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, 2015 and ending December 31, 2017. For the 2015 - 2017 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.