Lynden Energy Corp. 4
4 · Lynden Energy Corp. · Filed May 18, 2016
Insider Transaction Report
Form 4
Lynden Energy Corp.LVL.V
McLennan John
Director
Transactions
- Disposition to Issuer
Common Stock
2016-05-18−0→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2016-05-18$0.00/sh−50,000$50→ 0 totalExercise: $0.80From: 2011-10-22Exp: 2016-07-21→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to an arrangement agreement dated December 16, 2015, between Lynden Energy Corp. ("Issuer"), Earthstone Energy Inc. ("Earthstone") and 1058286 B.C. Ltd., as amended, wherein the reporting person received, for each existing share of common stock of Issuer held by the reporting person, 0.02842 Earthstone common shares respectively, having a market value of $12.76 per share (based on the closing price of Earthstone's common stock on May 17, 2016) on the effective date of the arrangement (the "Arrangement").
- [F2]Amounts shown in $CAD.
- [F3]In connection with the completion of the transactions contemplated by the Arrangement, the options were cancelled in exchange for cash equal to U.S.$0.001 for every such option.