0001127602-11-014736.txt : 20110503 0001127602-11-014736.hdr.sgml : 20110503 20110503165130 ACCESSION NUMBER: 0001127602-11-014736 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110501 FILED AS OF DATE: 20110503 DATE AS OF CHANGE: 20110503 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SADLIER R DANIEL CENTRAL INDEX KEY: 0001268023 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15467 FILM NUMBER: 11806063 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: 0202 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 4 1 form4.xml PRIMARY DOCUMENT X0303 4 2011-05-01 0001096385 VECTREN CORP VVC 0001268023 SADLIER R DANIEL ONE VECTREN SQUARE P. O. BOX 209 EVANSVILLE IN 47708 1 Phantom Stock 0 2011-05-01 4 D 0 1713 D Common Stock 0 0 D Phantom Stock 0 2011-05-01 4 A 0 1713 A Common Stock 0 27401.349 D Phantom Stock 0 2011-05-02 4 A 0 218.5314 0 A Common Stock 218.5314 27619.8804 D The stock unit award was granted pursuant to the Vectren Corporation At-Risk Compensation Plan ("Plan") and is subject to all of the terms, provisions and conditions of the Plan. The lifting of restrictions and forfeitability provisions are dependent upon continued service by the board member until May 1, 2011. Upon lifting of restrictions, Grantee shall be paid for each Stock Unit Award in cash, the Fair Market Value of one share of common stock on the date restrictions lapse, provided Grantee is in compliance with share ownership guidelines established by the board of directors. If Grantee is not in compliance with share ownership guidelines, the value of each Stock Unit Award shall be paid in unrestricted Vectren common stock. The board of directors approved the acquisition in accordance with Rule 16b-3. Each share of the phantom stock was the economic equivalent of one share of VVC common stock. 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. The reporting person elected to defer the stock unit award vesting in 2011 to the phantom stock account of the Vectren Corporation Non-Qualified Deferred Compensation Plan. Each share of the phantom stock was the economic equivalent of one share of VVC common stock. Exempt acquisition of phantom shares acquired through Vectren Corporation ("Vectren") Non-Qualified Deferred Compensation Plan ("Plan"). These transactions are exempt under Rule 16b-3. /s/Ronald E. Christian 2011-05-03