Gifford Russell M 4
4 · BARNWELL INDUSTRIES INC · Filed Dec 17, 2009
Insider Transaction Report
Form 4
Gifford Russell M
DirectorEVP, CFO, Treas., Secy
Transactions
- Award
Non-qualified Stock Options/SARs
2009-12-11+90,000→ 90,000 totalExercise: $4.32From: 2010-12-11Exp: 2019-12-11→ Common Stock (90,000 underlying)
Footnotes (3)
- [F1]The exercise price is the closing price of the issuer's common stock on the NYSE Amex on December 11, 2009.
- [F2]On December 11, 2009, the reporting person was granted non-qualified stock options to purchase 90,000 shares of common stock of the issuer in tandem with stock appreciation rights pursuant to the issuer's 2008 Equity Incentive plan (the "2009 Award"). The 2009 Award was granted pursuant to action by the compensation committee of the board of directors of the issuer.
- [F3]Exercise of the 2009 Award is subject to vesting over four years from the date of the grant, with 25% becoming exercisable on each anniversary of the date of the grant.