Cobalt International Energy, Inc. 4
4 · Cobalt International Energy, Inc. · Filed Dec 23, 2014
Insider Transaction Report
Form 4
Farnsworth James W.
Chief Exploration Officer
Transactions
- Disposition to Issuer
Common Stock
2014-12-21−248,155→ 1,164,362 total - Sale
Common Stock
2014-12-22$8.82/sh−31,665$279,285→ 1,132,697 total - Gift
Common Stock
2014-08-20−249,750→ 250,000 total(indirect: See footnote)
Holdings
- 3,000(indirect: See footnote)
Common Stock
Footnotes (4)
- [F1]248,155 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]Represents a gift of limited partnership interests in a limited partnership (the "Limited Partnership") by the reporting person to certain trusts for the benefit of the reporting person's children. The gift represents a 99.9% interest in the Limited Partnership. The reporting person disclaims beneficial ownership of the shares held by the Limited Partnership except to the extent of his pecuniary interest therein.
- [F4]These shares of Common Stock are directly held by the reporting person's spouse.