Drennon Michael D 4
4 · Cobalt International Energy, Inc. · Filed Dec 7, 2010
Insider Transaction Report
Form 4
Drennon Michael D
EVP & Gen'l Mgr, Cobalt Angola
Transactions
- Award
Stock Option
2010-12-03+85,877→ 85,877 totalExercise: $12.45Exp: 2020-12-03→ Common Stock (85,877 underlying) - Award
Common Stock
2010-12-03+9,257→ 59,257 total
Footnotes (2)
- [F1]9,257 shares represent restricted shares granted under the Issuer's Long Term Incentive Plan (the "Plan") that will vest 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, subject to the terms of the award agreement under the Plan.
- [F2]This stock option will vest in equal annual installments on December 31, 2011, December 31, 2012, December 31, 2013 and December 31, 2014.