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