SEC Form 4 · accession 0001562180-16-001206
VECTREN CORP · VVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl L Chapman
Officer — President & CEO
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 1:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001096385
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2015 | M | 106,430 | $0.00 | A | 156,242 | D | |
| Common Stock | Dec 31, 2015 | D | 106,430 | $42.53 | D | 49,811 | D | |
| Common Stock | holding | — | — | — | 2,637 | I | 401K Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | $0.00 | Dec 31, 2015 | M | 106,430 | D | — | — | Common Stock | 106,430 | 0 | D |
Explanation of responses
- F1The stock unit awards vesting as of December 31, 2015, were settled for cash. The value of each stock unit award was the economic equivalent of one share of Vectren Corporation common stock.
- F2The stock unit award was acquired pursuant to the Vectren Corporation At-Risk Compensation Plan and is subject to forfeiture as provided by the Plan and the Plan Agreement. The lifting of restrictions and the forfeitability provisions is dependent upon performance during a measuring period from January 1, 2012 through December 31, 2014 and, subject to certain enumerated circumstances, continued employment until December 31, 2015. The board of directors approved the acquisition in accordance with Rule 16b-3(d).