SEC Form 4 · accession 0001127602-15-000229
VECTREN CORP · VVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R Daniel Sadlier
Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 2, 2015 · 6:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001096385
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1 | $0.00 | Jan 1, 2015 | A | 1,867 | A | — | — | Common Stock | 1,867 | 1,867 | D |
Explanation of responses
- F1The 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. Pursuant to action taken by the Nominating and Corporate Governance Committee in August 2014, the timing of this annual grant has been changed from May 1 to January 1. The lifting of restrictions and forfeiture provisions are dependent upon continued service by the board member until January 1, 2016. Upon the 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.