FOREST OIL CORP 4/A
4/A · FOREST OIL CORP · Filed Oct 25, 2012
Insider Transaction Report
Form 4/AAmended
Clark H. Craig
DirectorPresident & CEO, Director
Transactions
- Award
Time-Based Cash Award
2012-03-12+0→ 0 totalFrom: 2015-03-12→ Time Based Cash Award (0 underlying)
Footnotes (2)
- [F1]This award was omitted from the reporting person's original Form 4.
- [F2]On March 12, 2012, Reporting Person was granted a time-based cash award with an initial value of $166,000. On the award's payment date, Reporting Person is entitled to receive an amount of cash equal to the initial value multiplied by a fraction, the numerator of which is the sum of (A) the fair market value of a share of Issuer common stock on the payment date plus (B) the value of dividends and other distributions paid to shareholders with respect to a share of Issuer common stock from March 12, 2012 until the payment date, and the denominator of which is $12.405. The payment date is the earliest of (i) March 12, 2015, (ii) the date of a change of control of Issuer, and (iii) the date of Reporting Person's death, disability or involuntary termination of employment. The ultimate payment amount is subject to equitable and appropriate adjustments to prevent the dilution or enlargement of the intended benefit of the award.