4//SEC Filing
Sauers Bruce 4
Accession 0000003982-11-000011
CIK 0000003982other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 1:32 PM ET
Size
13.9 KB
Accession
0000003982-11-000011
Insider Transaction Report
Form 4
Sauers Bruce
V. President & Corp Controller
Transactions
- Tax Payment
Common Stock
2011-02-23−5,263→ 47,188 total - Disposition to Issuer
Common Stock
2011-02-23−47,188→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2011-02-23−8,333→ 0 totalExercise: $10.85Exp: 2015-12-16→ Common Stock (8,333 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2011-02-23−7,500→ 0 totalExercise: $1.23Exp: 2019-03-05→ Common Stock (7,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2011-02-23−22,000→ 0 totalExercise: $3.77Exp: 2020-03-03→ Common Stock (22,000 underlying)
Footnotes (5)
- [F1]These shares were withheld to satisfy tax obligations in connection with the vesting of 19,900 shares of restricted stock.
- [F2]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.
- [F3]These options vested on December 16, 2008 and were assumed by Seawell Limited in the merger and replaced with an option to purchase 9,582 shares of Seawell Limited common shares at $9.43 per share.
- [F4]This option, which provided for the vesting of 20% on March 5, 2010, 20% on March 5, 2011, and 60% on March 5, 2012 was assumed by Seawell Limited in the merger and replaced with an option to purchase 8,625 shares of Seawell Limited common shares at $1.07 per share.
- [F5]This option, which provided vesting in five equal installments beginning March 3, 2011, was assumed by Seawell Limited in the merger and replaced with an option to purchase 25,300 shares of Seawell Limited common shares at $3.28 per share.
Documents
Issuer
Allis Chalmers Energy Inc.
CIK 0000003982
Entity typeother
Related Parties
1- filerCIK 0001333195
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 1:32 PM ET
- Size
- 13.9 KB