Cobalt International Energy, Inc. 4
4 · Cobalt International Energy, Inc. · Filed Dec 23, 2014
Insider Transaction Report
Form 4
Hackedorn Lynne L.
Vice President, Land
Transactions
- Disposition to Issuer
Common Stock
2014-12-21−45,349→ 225,349 total - Sale
Common Stock
2014-12-22$8.82/sh−11,341$100,028→ 214,008 total
Footnotes (3)
- [F1]45,349 shares represent restricted shares that were scheduled to 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 equaled or exceeded $13.50. As the share price of the Issuer's Common Stock failed to meet this performance condition, these shares were forfeited.
- [F2]These shares were sold pursuant to a Rule 10b5-1 plan.
- [F3]This sale price is a weighted average sale price that represents the sale of these shares of Common Stock at prices ranging from $8.82 to $8.83, 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.