Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BENKERT JEROME A JR
   2. Issuer Name and Ticker or Trading Symbol
VECTREN CORP [VVC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EXEC VP, CFO
(Last)
(First)
(Middle)
ONE VECTREN SQUARE, P. O. BOX 209		 3. Date of Earliest Transaction (Month/Day/Year)
03/09/2011
(Street)

EVANSVILLE, IN 47708		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/09/2011   M   33,773 A $ 23.19 81,468.958 D  
Common Stock 03/09/2011   S   700 D $ 27.1 80,768.958 D  
Common Stock 03/09/2011   S   400 D $ 27.1013 80,368.958 D  
Common Stock 03/09/2011   S   1,174 D $ 27.1017 79,194.958 D  
Common Stock 03/09/2011   S   226 D $ 27.1022 78,968.958 D  
Common Stock 03/09/2011   S   200 D $ 27.1025 78,768.958 D  
Common Stock 03/09/2011   S   200 D $ 27.1075 78,568.958 D  
Common Stock 03/09/2011   S   700 D $ 27.1164 77,868.958 D  
Common Stock 03/09/2011   S   300 D $ 27.12 77,568.958 D  
Common Stock 03/09/2011   S   400 D $ 27.125 77,168.958 D  
Common Stock 03/09/2011   S   150 D $ 27.1267 77,018.958 D  
Common Stock 03/09/2011   S   400 D $ 27.1288 76,618.958 D  
Common Stock 03/09/2011   S   525 D $ 27.1295 76,093.958 D  
Common Stock 03/09/2011   S   3,098 D $ 27.13 72,995.958 D  
Common Stock 03/09/2011   S   800 D $ 27.1313 72,195.958 D  
Common Stock 03/09/2011   S   200 D $ 27.1325 71,995.958 D  
Common Stock 03/09/2011   S   252 D $ 27.135 71,743.958 D  
Common Stock 03/09/2011   S   499 D $ 27.136 71,244.958 D  
Common Stock 03/09/2011   S   300 D $ 27.1367 70,944.958 D  
Common Stock 03/09/2011   S   251 D $ 27.138 70,693.958 D  
Common Stock 03/09/2011   S   7,404 D $ 27.14 63,289.958 D  
Common Stock 03/09/2011   S   300 D $ 27.1417 62,989.958 D  
Common Stock 03/09/2011   S   500 D $ 27.1418 62,489.958 D  
Common Stock 03/09/2011   S   600 D $ 27.1425 61,889.958 D  
Common Stock 03/09/2011   S   900 D $ 27.1432 60,989.958 D  
Common Stock 03/09/2011   S   600 D $ 27.145 60,389.958 D  
Common Stock 03/09/2011   S   200 D $ 27.1475 60,189.958 D  
Common Stock 03/09/2011   S   1,500 D $ 27.1483 58,689.958 D  
Common Stock 03/09/2011   S   1,100 D $ 27.1491 57,589.958 D  
Common Stock 03/09/2011   S   9,894 D $ 27.15 47,695.958 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $ 23.19 03/09/2011   M     33,773   (1) 01/01/2013 Common Stock 33,773 $ 0 3,727 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BENKERT JEROME A JR
ONE VECTREN SQUARE
P. O. BOX 209
EVANSVILLE, IN 47708		       EXEC VP, CFO  

Signatures

 /s/Ronald E. Christian   03/11/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Stock options granted under the Vectren Corporation (Vectren) At Risk Compensation Plan in a transaction exempt under Rule 16(b)-3. The options vest in three equal installments on January 1, 2004, January 1, 2005 and January 1, 2006.

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