Smith Jerry D. 4
4 · CHENIERE ENERGY INC · Filed Feb 20, 2013
Insider Transaction Report
Form 4
Smith Jerry D.
VP & Chief Accounting Officer
Transactions
- Award
Common Stock
2013-02-18+160,000→ 304,249 total
Footnotes (1)
- [F1]The shares were issued as a restricted stock grant and therefore no consideration was given by the Reporting Person. 106,667 shares were granted as a milestone award ("Milestone Award"), with vesting of the Milestone Award conditional on certain milestones relating to the financing and construction of Train 3 and Train 4 of the liquefaction project being developed by a majority owned subsidiary of the Issuer. The remaining 53,333 shares were granted as a stock price award ("Stock Price Award"), with vesting of the Stock Price Award conditional on the achievement of minimum average stock price hurdles of the Issuer: (i) 50% will vest if the 120-day average closing stock price of the Issuer (as reported on the NYSE MKT LLC) is $25; and (ii) 50% will vest if the 120-day average closing stock price of the Issuer is $35.