CRIMSON EXPLORATION INC. 4
4 · CRIMSON EXPLORATION INC. · Filed Jun 1, 2007
Insider Transaction Report
Form 4
CRIMSON EXPLORATION INC.CXPO.OB
WAGGONER J VIRGIL
10% Owner
Transactions
- Conversion
Series H Convertible Preferred Stock
2007-05-29−3,000→ 0 total→ Common Stock (428,572 underlying) - Conversion
Common Stock
2007-05-29$20.00/sh+291,247$5,824,940→ 1,215,580 total - Conversion
Series E Cumulative Convertible Preferred Stock
2007-05-29−9,000→ 0 total→ Common Stock (291,247 underlying) - Conversion
Common Stock
2007-05-29$3.50/sh+428,572$1,500,002→ 1,644,152 total
Footnotes (5)
- [F1]The common stock received upon conversion of the 9,000 shares of Series E Cumulative Convertible Preferred Stock is based on $500 per share of preferred stock, divided by the $20 per share conversion price, or $9.00 per share in the case of accrued dividends ($596,220.00) on the preferred stock. The conversion resulted in the acquisition of 254,811 shares of common stock.
- [F2]The common stock received upon conversion of the 3,000 shares of Series H Preferred Stock is based on $500 per share of preferred stock, divided by the $3.50 per share conversion price. The conversion resulted in the acquisition of 428,572 shares of common stock.
- [F3]The preferred stock was convertible into common stock at any time, and had no expiration date.
- [F4]Share numbers in this Form 4 reflect a 10-for-1 reverse stock split which became effective September 2006.
- [F5]Mr. Waggoner gave notice to the Company on May 18, 2007, of his desire to convert the Series E and Series F Preferred Stock to Common Stock shares. The Common Stock shares were issued to Mr. Waggoner on May 29, 2007.