Cobalt International Energy, Inc. 4
4 · Cobalt International Energy, Inc. · Filed Dec 23, 2014
Insider Transaction Report
Form 4
Bryant Joseph H
DirectorChairman of BOD & CEO
Transactions
- Disposition to Issuer
Common Stock
2014-12-21−547,753→ 3,042,000 total - Sale
Common Stock
2014-12-22$8.80/sh−207,450$1,825,560→ 2,834,550 total
Holdings
- 1,131,152(indirect: See footnote)
Common Stock
Footnotes (3)
- [F1]547,753 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]These shares are directly owned by a limited partnership of which the reporting person and his spouse are 100% owners of the sole general partner of the limited partnership. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.