Tankel Zane 4
4 · Allis Chalmers Energy Inc. · Filed Feb 25, 2011
Insider Transaction Report
Form 4
Tankel Zane
Director
Transactions
- Disposition to Issuer
Common Stock
2011-02-23−293,280→ 0 total - Purchase
Common Stock
2011-02-23$6.83/sh+50,000$341,500→ 293,280 total
Footnotes (1)
- [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 243,280 shares of Allis-Chalmers common stock owned and $4.25 per share for the remaining 50,000 shares.