Cobalt International Energy, Inc. 4
4 · Cobalt International Energy, Inc. · Filed Feb 24, 2014
Insider Transaction Report
Form 4
Drennon Michael D
EVP & Gen'l Mgr, Cobalt Angola
Transactions
- Award
Common Stock
2014-02-20+21,429→ 171,349 total - Tax Payment
Common Stock
2014-02-20$17.50/sh−3,174$55,545→ 179,470 total - Award
Common Stock
2014-02-20+11,295→ 182,644 total - Award
Stock Option
2014-02-20+41,098→ 41,098 totalExercise: $17.50From: 2016-12-31Exp: 2024-02-20→ Common Stock (41,098 underlying)
Footnotes (4)
- [F1]21,429 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, 2016 and the remaining 50% will vest on December 31, 2017, subject to the terms of the award agreement under the Plan.
- [F2]11,295 shares represent shares received in connection with the vesting of performance-based restricted stock units granted under the Plan on December 3, 2010.
- [F3]3,174 shares represent shares withheld by Issuer to cover taxes in connection with the vesting of performance-based restricted stock units granted under the Plan on December 3, 2010.
- [F4]41,098 shares represent shares underlying stock options granted under the Plan, of which the first 50% will vest on December 31, 2016 and the remaining 50% will vest on December 31, 2017, subject to the terms of the award agreement under the Plan.