KEANE TERRENCE P 4
4 · Allis Chalmers Energy Inc. · Filed Jan 3, 2011
Insider Transaction Report
Form 4
KEANE TERRENCE P
Sr. V. Pres.-Oilfield Services
Transactions
- Tax Payment
Common Stock
2010-12-29$6.76/sh−22,569$152,566→ 216,297 total - Tax Payment
Common Stock
2010-12-29$6.76/sh−4,233$28,615→ 158,866 total - Award
Common Stock
2010-12-29$6.76/sh+80,000$540,800→ 238,866 total
Footnotes (4)
- [F1]Effective December 29, 2010, the Compensation Committee of the Board of Directors of the Issuer approved the acceleration of the vesting of 15,000 shares of restricted stock. 4,233 of such shares were withheld to satisfy tax obligations in connection with the vesting of such shares.
- [F2]Effective December 29, 2010, the Compensation Committee of the Board of Directors of the Issuer approved the acceleration of the vesting of 80,000 shares of performance-based restricted stock.
- [F3]These shares were withheld to satisfy tax obligations in connection with the vesting of 80,000 shares of performance-based restricted stock.
- [F4]The decision to accelerate the vesting of such equity was done to provide certain tax benefits to the Reporting Person and the Issuer.