Talbert Winston M 4
4 · PLAINS EXPLORATION & PRODUCTION CO · Filed Apr 2, 2013
Insider Transaction Report
Form 4
Talbert Winston M
EVP & CFO
Transactions
- Tax Payment
Common Stock
2013-03-31$47.47/sh−18,160$862,055→ 552,713 total - Exercise/Conversion
Common Stock
[F1]2013-03-31+21,840→ 574,553 total - Disposition to Issuer
Common Stock
2013-03-31$47.05/sh+21,840$1,027,572→ 552,713 total - Exercise/Conversion
Performance Rights
[F1][F2]2013-03-31−21,840→ 30,000 total→ Common Stock (21,840 underlying)
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.
Signature
Deborah R. Anderson, attorney-in-fact for Winston M. Talbert|2013-04-02