EXCO RESOURCES INC 4
4 · EXCO RESOURCES INC · Filed Jun 17, 2013
Insider Transaction Report
Form 4
Stillwell Robert Lee
Director
Transactions
- Award
Rights to Shares of Common Stock
2013-06-14+34→ 5,149 totalExercise: $0.00→ Common Stock (34 underlying)
Footnotes (3)
- [F1]Pursuant to the Amended and Restated 2007 Director Plan of EXCO Resources, Inc. (the "Plan"), upon the Issuer's payment of a cash dividend to its shareholders, the number of shares previously reserved in the name of Mr. Stillwell pursuant to the Plan is to be increased by the fair market value equivalent of the cash dividends that otherwise would have been paid on the number of such deferred shares held by Mr. Stillwell pursuant to the Plan as of the close of business on the record date for such dividend.
- [F2]These shares vest immediately and are to be settled in Issuer's common stock upon the earlier to occur of (1) as soon as administratively feasible after the date on which Mr. Stillwell incurs a "Termination of Service" under the Plan and (2) upon the occurrence of a "Change in Control" under the Plan.
- [F3]The number of shares is equal to the amount of the cash dividend declared by the Issuer on shares previously reserved by the Issuer under the Plan for the benefit of Mr. Stillwell divided by $7.62, which was the closing price for Issuer's common stock on June 14, 2013, the record date for such dividend.