Sauers Bruce 4
4 · Allis Chalmers Energy Inc. · Filed Jan 3, 2011
Insider Transaction Report
Form 4
Sauers Bruce
V. President & Corp Controller
Transactions
- Award
Common Stock
2010-12-29$6.76/sh+34,000$229,840→ 61,444 total - Tax Payment
Common Stock
2010-12-29$6.76/sh−8,993$60,793→ 52,451 total - Tax Payment
Common Stock
2010-12-20$6.18/sh−634$3,918→ 27,444 total
Footnotes (3)
- [F1]These shares were withheld to satisfy tax obligations in connection with the vesting of 2,400 shares of restricted stock on such date.
- [F2]Effective December 29, 2010, the Compensation Committee of the Board of Directors of the Issuer approved the acceleration of the vesting of 34,000 shares of performance-based restricted stock. The decision to accelerate the vesting of such equity was done to provide certain tax benefits to the Reporting Person and the Issuer.
- [F3]These shares were withheld to satisfy tax obligations in connection with the vesting of 34,000 shares of performance-based restricted stock.