WOMBWELL JOHN F 4
4 · PLAINS EXPLORATION & PRODUCTION CO · Filed Apr 2, 2013
Insider Transaction Report
Form 4
WOMBWELL JOHN F
EVP, GC & Secretary
Transactions
- Exercise/Conversion
Performance Rights
2013-03-31−21,840→ 30,000 total→ Common Stock (21,840 underlying) - Tax Payment
Common Stock
2013-03-31$47.47/sh−18,159$862,008→ 777,718 total - Disposition to Issuer
Common Stock
2013-03-31$47.05/sh−21,840$1,027,572→ 777,718 total - Exercise/Conversion
Common Stock
2013-03-31+21,840→ 799,558 total
Footnotes (2)
- [F1]Represents cash-settled restricted stock units, the value of which is equivalent to the average trading price of PXP common stock for the five trading days prior to vesting.
- [F2]Of the remaining 30,000 cash-settled restricted stock units, one-half will vest on each of March 31, 2014 and March 31, 2015, based on achievement of performance goals as set forth in the grant agreement.