Thames Howard Davis 4
4 · CHENIERE ENERGY INC · Filed Feb 20, 2013
Insider Transaction Report
Form 4
Thames Howard Davis
Sr. VP - Marketing
Transactions
- Award
Common Stock
2013-02-18+900,000→ 1,722,183 total
Footnotes (1)
- [F1]The shares were issued as a restricted stock grant and therefore no consideration was given by the Reporting Person. 600,000 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 300,000 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.