TRANS ENERGY INC 4
4 · TRANS ENERGY INC · Filed Dec 5, 2016
Insider Transaction Report
Form 4
TRANS ENERGY INCTENG
LUCADO STEPHEN P
Director
Transactions
- Disposition to Issuer
Employee Stock Option
2016-12-05−300,000→ 0 totalExercise: $2.30From: 2012-04-26Exp: 2017-06-30→ Common Stock (300,000 underlying) - Disposition to Issuer
Employee Stock Option
2016-12-05−100,000→ 0 totalExercise: $0.60From: 2016-01-01Exp: 2020-12-17→ Common Stock (100,000 underlying) - Disposition to Issuer
COMMON STOCK
2016-12-05$3.58/sh−130,000$465,400→ 0 total - Disposition to Issuer
Common Stock
2016-12-05−85,000→ 0 totalExercise: $0.00From: 2016-12-05Exp: 2016-12-05→ Common Stock (85,000 underlying) - Disposition to Issuer
Employee Stock Option
2016-12-05−50,000→ 0 totalExercise: $0.60From: 2015-12-17Exp: 2020-12-17→ Common Stock (50,000 underlying) - Disposition to Issuer
Employee Stock Option
2016-12-05−100,000→ 0 totalExercise: $2.30From: 2013-05-02Exp: 2018-06-30→ Common Stock (100,000 underlying)
Footnotes (5)
- [F1]These shares of Common Stock were issuable upon a change of control pursuant to a Change of Control Severance Agreement. These shares were converted into the right to receive $3.58 per share in the merger.
- [F2]This option was cancelled in the merger in exchange for a cash payment of $384,000, representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($3.58 per share).
- [F3]This option was cancelled in the merger in exchange for a cash payment of $128,000, representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($3.58 per share).
- [F4]This option was cancelled in the merger in exchange for a cash payment of $149,000, representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($3.58 per share).
- [F5]This option was cancelled in the merger in exchange for a cash payment of $298,000, representing the difference between the exercise price of the option and the market value of the underlying common stock on the effective date of the merger ($3.58 per share).