Drennon Michael D 4
4 · Cobalt International Energy, Inc. · Filed Feb 25, 2013
Insider Transaction Report
Form 4
Drennon Michael D
EVP & Gen'l Mgr, Cobalt Angola
Transactions
- Sale
Common Stock
2013-02-22$23.83/sh−2,115$50,400→ 154,063 total - Award
Common Stock
2013-02-21+7,530→ 156,178 total - Award
Stock Option
2013-02-21+28,707→ 28,707 totalExercise: $23.78From: 2015-12-31Exp: 2023-02-21→ Common Stock (28,707 underlying) - Award
Common Stock
2013-02-21+15,769→ 148,648 total
Footnotes (5)
- [F1]15,769 shares represent restricted shares granted under the Issuer's Long Term Incentive Plan (the "Plan"), of which the first 50% will vest on December 31, 2015 and the remaining 50% will vest on December 31, 2016, subject to the terms of the award agreement under the Plan.
- [F2]7,530 shares represent shares received in connection with the vesting of performance-based restricted stock units granted under the Plan on December 3, 2010.
- [F3]2,115 shares represent shares sold pursuant to a Rule 10b5-1 plan to cover taxes in connection with the vesting of performance-based restricted stock units granted under the Plan on December 3, 2010.
- [F4]This sale price is a weighted average sale price that represents the sale of these shares at prices ranging from $23.82 to $23.85, inclusive. The reporting person undertakes to provide upon request by the SEC staff, the Issuer or any other security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F5]28,707 shares represent shares underlying stock options granted under the Plan, of which the first 50% will vest on December 31, 2015 and the remaining 50% will vest on December 31, 2016, subject to the terms of the award agreement under the Plan.