WOMBWELL JOHN F 4
4 · PLAINS EXPLORATION & PRODUCTION CO · Filed Feb 10, 2012
Insider Transaction Report
Form 4
WOMBWELL JOHN F
EVP, GC & Secretary
Transactions
- Award
Common Stock
2012-02-08+45,000→ 741,870 total - Award
Performance Rights
2012-02-08+45,000→ 45,000 total→ Common Stock (45,000 underlying)
Footnotes (3)
- [F1]Represents grant of restricted stock units that will vest over five years, with 22.5% vesting on each of March 31, 2013, March 31, 2014 and March 31, 2015 and 16.25% vesting on each of March 31, 2016 and March 31, 2017.
- [F2]Represents grant of cash-settled restricted stock units that will vest over three years, with 33.3% vesting on each of March 31, 2013, March 31, 2014 and March 31, 2015, each based on achievement of performance goals as set forth in the grant agreement.
- [F3]Such amount is subject to increase or decrase as set forth in the grant agreement.