Drennon Michael D 4
4 · Cobalt International Energy, Inc. · Filed Apr 5, 2010
Insider Transaction Report
Form 4
Drennon Michael D
EVP & Gen'l Mgr, Cobalt Angola
Transactions
- Award
Common Stock
2010-04-01+25,000→ 25,000 total - Award
Common Stock
2010-04-01+25,000→ 50,000 total
Footnotes (2)
- [F1]The reported securities represent restricted shares granted under the Issuer's Long Term Incentive Plan (the "Plan") that will vest, subject to the terms of the award agreement under the Plan, 60% on April 1, 2013 and 40% on April 1, 2014.
- [F2]The reported securities represent restricted shares granted under the Plan that will vest, subject to the terms of the award agreement under the Plan, on December 21, 2014, but only if the average of the volume weighted average price of a share of the Issuer's common stock during the 90 day period ending on the day before December 21, 2014 equals or exceeds $13.50.