X0202 4 2006-07-05 0001096385 VECTREN CORP VVC 0001180883 RECHTER RICHARD P ONE VECTREN SQUARE P. O. BOX 209 EVANSVILLE IN 47708 1 0 0 0 Phantom Stock 0 2006-07-05 4 J 0 58.3301 0 A Common Stock 58.3301 24114.3165 D Phantom stock units held under the non-qualified deferred compensation plan will effectively be exercised at the time the amounts represented by those units are paid out under the Plan. Generally, unless provided otherwise by the participant, the payout begins with the end of the board member's service as a member of the board. Pursuant to the non-qualified deferred compensation plan, payouts can occur for up to 15 years. Amounts held in the phantom stock accounts would be amortized over that period unless directed otherwise by the participant. Phantom shares acquired through Vectren Corporation (Vectren) Non-Qualified Deferred Compensation Plan. Ronald E. Christian 2006-07-05