Etcheverry Carlos F 4
4 · Allis Chalmers Energy Inc. · Filed Feb 25, 2011
Insider Transaction Report
Form 4
Etcheverry Carlos F
President-Drilling&Completion
Transactions
- Disposition to Issuer
Common Stock
2011-02-23−161,250→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2011-02-23−71,250→ 0 totalExercise: $3.92Exp: 2020-04-21→ Common Stock (71,250 underlying) - Award
Common Stock
2011-02-23+108,750→ 161,250 total
Footnotes (3)
- [F1]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, 108,750 shares of performance based restricted stock were accelerated and vested on February 23, 2011.
- [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]This option, which provided vesting in five equal installments beginning April 21, 2011, was assumed by Seawell Limited in the merger and replaced with an option to purchase 81,937 shares of Seawell Limited common shares at $3.41 per share.