0001562180-16-002447.txt : 20160601 0001562180-16-002447.hdr.sgml : 20160601 20160601173637 ACCESSION NUMBER: 0001562180-16-002447 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160601 FILED AS OF DATE: 20160601 DATE AS OF CHANGE: 20160601 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: VECTREN CORP CENTRAL INDEX KEY: 0001096385 STANDARD INDUSTRIAL CLASSIFICATION: GAS & OTHER SERVICES COMBINED [4932] IRS NUMBER: 352086905 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE VECTREN SQUARE CITY: EVANSVILLE STATE: IN ZIP: 47708 BUSINESS PHONE: 8124914000 MAIL ADDRESS: STREET 1: ONE VECTREN SQUARE CITY: EVANSVILLE STATE: IN ZIP: 47708 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Schach Eric J CENTRAL INDEX KEY: 0001608929 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15467 FILM NUMBER: 161690275 MAIL ADDRESS: STREET 1: PO BOX 209 CITY: EVANSVILLE STATE: IN ZIP: 47708 4 1 primarydocument.xml PRIMARY DOCUMENT X0306 4 2016-06-01 false 0001096385 VECTREN CORP VVC 0001608929 Schach Eric J ONE VECTREN SQUARE P.O. BOX 209 EVANSVILLE IN 47708 false true false false EVP & COO Phantom Stock 0.00 2016-06-01 4 A false 1000.00 0.00 A Common Stock 1000.00 1000.00 D As previously disclosed, effective June 1, 2016, Mr. Schach assumed the role of Executive Vice President & Chief Operating Officer, and, as a result, as of that date the components of his total compensation were adjusted by the Vectren Corporation Compensation and Benefits Committee and Board of Directors to reflect the responsibilities of his new position. As part of that adjustment, Mr. Schach was awarded a supplemental grant of 1,000 Stock Unit Awards (in addition to an original 2016 grant received on January 1, 2016). The stock unit awards were acquired pursuant to the Vectren Corporation At Risk Compensation Plan (Plan) and are subject to forfeiture as provided by the Plan and the Plan Grant Agreement. The lifting of restrictions and the application of the forfeiture provisions are dependent upon performance under pre-established metrics during a measuring period from January 1, 2016 through December 31, 2018 and subject to continued employment until the Committee lifts the restrictions, or upon enumerated circumstances, as more fully described in the Plan and the Plan Grant Agreement. Upon lifting of restrictions, the grantee shall be paid, for each stock unit award, in cash, the value of one share of Common Stock determined by calculating the average of the closing price of the Common Stock on the New York Stock Exchange for the three consecutive trading days immediately preceding ten days before the Committee certifies results with respect to this grant. As provided for in the Plan and the Plan Grant Agreement, the Committee will certify performance of the grant after fiscal year 2018 and is expected to do so no later than March 31, 2019. If the lifting of restrictions occurs prior to the date the Committee certifies, the Fair Market Value of one share of Common Stock on the date the restrictions lapse will be used to value the stock unit award. At the time restrictions lift, if the grantee is not then in compliance with the share ownership guidelines established by the Board, the value of each stock unit award shall be paid to the grantee in one unrestricted share of the company's Common Stock. Dividends paid during the restriction period shall accrue as additional stock unit awards and are subject to forfeiture. The Board Compensation and Benefits Committee previously approved the acquisition in accordance with Rule 16b-3(d). /s/Ronald E. Christian 2016-06-01