PARALLEL PETROLEUM CORP 4
4 · PARALLEL PETROLEUM CORP · Filed Sep 1, 2005
Insider Transaction Report
Form 4
OLDHAM LARRY
DirectorCEO and President
Transactions
- Gift
Common Stock, $.01 par value
2005-08-31−10,000→ 87,000 total - Other
Common Stock, $.01 par value
[F2]2005-08-31−200,000→ 0 total - Other
Common Stock, $.01 par value
[F2]2005-08-31+200,000→ 200,000 total(indirect: L.P.)
Holdings
- 200,000(indirect: L.P.)
Common Stock, $.01 par value
[F1] - 90
Common Stock, $.01 par value
- 40,000
Common Stock, $.01 par value
- 100,000
Employee Stock Option (right to buy)
Exercise: $4.82From: 1998-02-10Exp: 2008-02-10→ Common Stock (100,000 underlying) - 46,000
Employee Stock Option (right to buy)
Exercise: $3.60From: 1999-08-04Exp: 2008-08-04→ Common Stock (46,000 underlying) - 54,000
Employee Stock Option (right to buy)
Exercise: $3.60From: 1999-08-04Exp: 2008-08-04→ Common Stock (54,000 underlying) - 100,000
Employee Stock Option (right to buy)
Exercise: $1.81From: 2000-06-23Exp: 2009-06-23→ Common Stock (100,000 underlying) - 100,000
Employee Stock Option (right to buy)
Exercise: $4.97From: 2002-01-01Exp: 2011-06-20→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Such shares are held by Oldham Properties, Ltd., a "family" limited partnership of which the reporting person is the sole general partner and of which the reporting person, his wife and two children are the sole limited partners. The reporting person disclaims beneficial ownership of the issuer's common stock held by Oldham Properties, Ltd., except to the extent of his pecuniary interest therein.
- [F2]Transfer of shares to Oldham Properties, Ltd., the "family" limited partnership described in Note (1) above. The shares acquired by Oldham Properties, Ltd. were previously reported by the reporting person as directly owned. The reporting person disclaims beneficial ownership of the issuer's common stock held by Oldham Properties, Ltd., except to the extent of his pecuniary interest therein.
Signature
/s/ Larry C. Oldham|2005-08-31