4//SEC Filing
PLAINS EXPLORATION & PRODUCTION CO 4
Accession 0000891456-13-000048
CIK 0000891456operating
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 4:15 PM ET
Size
16.5 KB
Accession
0000891456-13-000048
Insider Transaction Report
Form 4
WOMBWELL JOHN F
EVP, GC & Secretary
Transactions
- Award
Common Stock
2013-05-31+66,000→ 843,718 total - Exercise/Conversion
Common Stock
2013-05-31+34,725→ 878,443 total - Disposition to Issuer
Common Stock
2013-05-31−618,866→ 0 total - Exercise/Conversion
Performance Rights
2013-05-31−34,725→ 0 total→ Common Stock (34,725 underlying) - Disposition to Issuer
Performance Rights
2013-05-31−45,000→ 0 total→ Common Stock (45,000 underlying) - Disposition to Issuer
Common Stock
2013-05-31$46.01/sh−34,725$1,597,697→ 843,713 total - Tax Payment
Common Stock
2013-05-31−224,847→ 618,866 total
Footnotes (5)
- [F1]Represents restricted stock units to which the executive was contractually entitled that vested upon the merger with FCX.
- [F2]Represents cash-settled restricted stock units, all of which vested upon the merger with FCX, the value of which is equivalent to $46.01, which is the Per Share Amount in the merger agreement between PXP and FCX.
- [F3]Shares were traded for taxes based on the value of the merger consideration that each share was entitled to receive as of the close of business on May 30, 2013.
- [F4]Disposed of pursuant to merger agreement between PXP and FCX in exchange for shares of FCX common stock at an exchange ratio of ~ 1.43 per share and/or cash equal to $46.01 per share. Of these shares, 45,000 are restricted stock units that will vest over five years, with 22.5% vesting on each of March 31, 2014, March 31, 2015 and March 31, 2016 and 16.25% vesting on each of March 31, 2017 and March 31, 2018, which were assumed by FCX in the merger and replaced with 64,359 FCX restricted stock units with the same vesting terms.
- [F5]These performance rights, which represent cash-settled restricted stock units that will vest over three years, with 33.3% vesting on each of March 31, 2014, March 31, 2015 and March 31, 2016, each based on achievement of performance goals, were assumed by FCX in the merger and replaced with 64,359 cash-settled restricted stock units with the same vesting terms.
Documents
Issuer
PLAINS EXPLORATION & PRODUCTION CO
CIK 0000891456
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000891456
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 4:15 PM ET
- Size
- 16.5 KB