Cobalt International Energy, Inc. 4
4 · Cobalt International Energy, Inc. · Filed Jan 20, 2015
Insider Transaction Report
Form 4
Whitfield Van P.
Exec. V.P. and Oper. & Develop
Transactions
- Award
Common Stock
2015-01-15+126,582→ 665,778 total - Award
Stock Option
2015-01-15+248,756→ 248,756 totalExercise: $7.90From: 2015-12-31Exp: 2025-01-15→ Common Stock (248,756 underlying)
Holdings
- 588,084(indirect: See footnote)
Common Stock
Footnotes (3)
- [F1]126,582 shares of Common Stock represent restricted shares granted under the Issuer's Long Term Incentive Plan (the "Plan") pursuant to the terms of the reporting person's employment agreement. Subject to the terms of the award agreement under the Plan, 100% of the restricted shares will vest on or before January 15, 2025 when and only if the closing price of a share of the Issuer's Common Stock exceeds $23.06 for a period of at least 20 out of 30 continuous days on which the shares are quoted or traded at any time between the grant date and January 15, 2025, subject to the reporting person's continued employment through December 31, 2015 and subject to the terms of the award agreement under the Plan.
- [F2]These shares are directly owned by Veer Eagles Partners Ltd.
- [F3]248,756 shares of Common Stock represent shares underlying stock options granted under the Plan pursuant to the terms of the reporting person's employment agreement. Subject to the terms of the award agreement under the Plan, 100% of the shares underlying stock options will vest on or before January 15, 2025 when and only if the closing price of a share of the Issuer's Common Stock exceeds $23.06 for a period of at least 20 out of 30 continuous days on which the shares are quoted or traded at any time between the grant date and January 15, 2025, subject to the reporting person's continued employment through December 31, 2015 and subject to the terms of the award agreement under the Plan.