Drennon Michael D 4
4 · Cobalt International Energy, Inc. · Filed Oct 26, 2011
Insider Transaction Report
Form 4
Drennon Michael D
EVP & Gen'l Mgr, Cobalt Angola
Transactions
- Award
Common Stock
2011-10-25+50,000→ 115,757 total
Footnotes (1)
- [F1]50,000 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.