AI assistant
CENTERPOINT ENERGY INC — Director's Dealing 2010
Apr 26, 2010
30204_dirs_2010-04-26_7426b407-00b7-47ec-8a93-1280ca28dde9.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CENTERPOINT ENERGY INC (CNP)
CIK: 0001130310
Period of Report: 2010-04-22
Reporting Person: CARROLL MILTON (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-04-22 | Common Stock | A | 4000 | — | Acquired | 102000 | Direct |
| 2010-04-22 | Common Stock | A | 75000 | — | Acquired | 177000 | Direct |
Footnotes
F1: Time-based restricted stock awarded under the Stock Plan for Outside Directors, as amended, to outside directors then in office as of May 1, 2010. Shares will vest on the first anniversary of the grant date if the reporting person is a director of the Company through such date; provided however, the shares become fully vested in the event of a change of control of issuer.
F2: Price is not applicable.
F3: Includes 1,333 of time-based restricted stock awarded in 2007 that will vest on June 1, 2010; 2,666 shares of time-based restricted stock awarded in 2008 that will vest in 1,333 share increments on May 1, 2010 and May 1, 2011; and 4,000 shares of time-based restricted stock awarded in 2009 that will vest in one-third increments on May 1, 2010, May 1, 2011 and May 1, 2012 if the reporting person is a director of Issuer through such dates; provided however, the shares become fully vested in the event of a change of control of issuer.
F4: Shares awarded in connection with Mr. Carroll's compensation arrangements for service as non-executive chairman of the board of CenterPoint Energy, Inc. Mr. Carroll was granted a cash award on each of June 1, 2010, June 1, 2011 and June 1, 2012, in an amount equal to the product of (i) 25,000 and (ii) the closing price per share of CenterPoint Energy, Inc.'s common stock (the "Common Stock") on the consolidated reporting system for the New York Stock Exchange on the award date, with each award contingent on his continued service as non-executive chairman of the board on the respective award date. At Mr. Carroll's option, he may elect to receive 25,000 shares of Common Stock in lieu of any such cash award.