SEC Form 4 · accession 0001562180-16-001197
VECTREN CORP · VVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jean L Wojtowicz
Director
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 1:49 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, 2016 | A | 2,144 | A | — | — | Common Stock | 2,144 | 2,144 | 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. The lifting of restrictions and forfeiture provisions are dependent upon continued service by the grantee until January 1, 2017. 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. If the service of the grantee ends at or before the annual shareholder meeting, the award will vest at that time and will be prorated based upon the number of days served. The board of directors approved the acquisition in accordance with Rule 16b-3.