Patterson Mark C 4
4 · Allis Chalmers Energy Inc. · Filed Feb 25, 2011
Insider Transaction Report
Form 4
Patterson Mark C
See Remarks.
Transactions
- Disposition to Issuer
Employer Stock Option (right to buy)
2011-02-23−50,000→ 0 totalExercise: $3.77Exp: 2020-03-03→ Common Stock (50,000 underlying) - Disposition to Issuer
Common Stock
2011-02-23−87,602→ 0 total
Footnotes (2)
- [F1]These shares were disposed of pursuant to an Agreement and Plan of Merger among the Issuer, Seawell Limited and Wellco Sub Company, a wholly-owned subsidiary of Seawell Limited, dated August 12, 2010, as amended. The Reporting Person received 1.15 shares of Seawell Limited common stock for each share of Allis-Chalmers common stock owned.
- [F2]This option, which provided for vesting in five equal installments beginning March 3, 2011 was assumed by Seawell Limited in the merger and replaced with an option to purchase 57,500 shares of Seawell Limited common shares at $3.28 per share.