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Share Name | Share Symbol | Market | Type |
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Cheniere Energy Inc | AMEX:LNG | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 161.81 | 0 | 01:00:00 |
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CHENIERE ENERGY, INC.
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Delaware
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001-16383
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95-4352386
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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700 Milam Street
Suite 1900 Houston, Texas |
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77002
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(Address of principal executive offices)
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(Zip Code)
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Registrant's telephone number, including area code:
(713) 375-5000
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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•
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all of the executive officer’s outstanding unvested equity awards, equity-based awards, annual awards and retention awards (collectively, “Incentive Awards”) which are time-based will automatically vest in full as of the date of the change in control;
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•
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the executive officer’s outstanding unvested performance-based Incentive Awards that vest based on performance metrics other than TSR will vest at the target level for such Incentive Award; and
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•
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the executive officer’s outstanding unvested performance-based Incentive Awards that vest based on total shareholder return (“TSR”) will vest as of the date of the change in control based on actual TSR as of the date of the change in control.
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•
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a lump sum payment within 60 days following termination in an amount equal to three times (in the case of the Chief Executive Officer) or two times (in the case of other executive officers) the sum of (a) the officer’s annual base salary in effect when the termination occurs and (b) the officer’s target annual cash bonus for the year of termination; plus
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•
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a lump sum payment within 60 days following termination in an amount equal to the officer’s pro-rated target annual cash bonus for the year of termination; plus
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•
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the officer’s unpaid annual cash bonus, if any, earned for the year prior to the year of termination; plus
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•
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acceleration of vesting of all of the executive officer’s outstanding unvested time-based Incentive Awards; and the executive officer’s outstanding unvested performance-based Incentive Awards (A) that vest based on TSR will vest based on actual TSR as of the date of the change in control and (B)
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•
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a lump sum payment within 60 days following termination in an amount equal to two times (in the case of the Chief Executive Officer) or 1.5 times (in the case of other executive officers) the sum of (a) the officer’s annual base salary in effect when the termination occurs and (b) the officer’s target annual cash bonus for the year of termination; plus
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•
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a lump sum payment within 60 days following termination in an amount equal to the officer’s pro-rated target annual cash bonus for the year of termination; plus
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•
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the officer’s unpaid annual cash bonus, if any, earned for the year prior to the year of termination; plus
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•
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acceleration of vesting of the executive officer’s outstanding unvested time-based Incentive Awards that were granted more than three months prior to the termination and that otherwise would have vested within one year following such termination; and vesting of a pro-rated portion of the executive officer’s outstanding unvested performance-based Incentive Awards that were granted more than six months prior to the termination based on actual performance levels achieved at the end of the applicable performance period.
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Executive Officer
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2016 Cash Bonus Award
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Jack A. Fusco
President and Chief Executive Officer
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$2,303,938
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Michael Wortley
Executive Vice President and Chief Financial Officer
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$1,000,000
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Exhibit
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Number
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Description
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10.1†
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Cheniere Energy, Inc. Key Executive Severance Pay Plan
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CHENIERE ENERGY, INC.
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Date: December 14, 2016
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By:
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/s/ Michael J. Wortley
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Name:
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Michael J. Wortley
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Title:
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Executive Vice President and
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Chief Financial Officer
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Exhibit
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Number
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Description
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10.1†
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Cheniere Energy, Inc. Key Executive Severance Pay Plan
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1 Year Cheniere Energy Chart |
1 Month Cheniere Energy Chart |
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