SEC Form 4 · accession 0001562180-17-000015
VECTREN CORP · VVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
M Susan Hardwick
Officer — EVP & Chief Financial Officer
Period of report
Dec 31, 2016
Accepted (ET)
Jan 3, 2017 · 9:09 am 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, 2016 | M | 13,662 | $0.00 | A | 13,662 | D | |
| Common Stock | Dec 31, 2016 | D | 13,662 | $52.61 | D | 0 | D |
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, 2016 | M | 13,662 | D | — | — | Common Stock | 13,662 | 0 | D |
Explanation of responses
- F1On December 31, 2016, the stock unit award was settled for cash based on the average closing price of Vectren's common stock for the three consecutive trading days immediately preceding December 25, 2016.
- F2The stock unit award was acquired pursuant to the Vectren Corporation At-Risk Compensation Plan and was subject to forfeiture as provided by the Plan and the Plan grant agreement. The lifting of restrictions and the application of the forfeiture provisions were dependent upon performance metrics during a measuring period from January 1, 2013 through December 31, 2015 and subject to continued employment until December 31, 2016, except in limited circumstances as described in the Plan and the Plan grant agreement. 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.