Cobalt International Energy, Inc. 4
4 · Cobalt International Energy, Inc. · Filed Feb 22, 2016
Insider Transaction Report
Form 4
Farnsworth James W.
Chief Exploration Officer
Transactions
- Award
Restricted Stock Units
2016-02-18+179,303→ 179,303 total→ Common Stock (179,303 underlying)
Footnotes (2)
- [F1]The reporting person was awarded the reported securities under the Issuer's 2015 Long Term Incentive Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of Common Stock, the cash equivalent of Common Stock or a combination thereof, at the Issuer's election.
- [F2]The restricted stock units will vest one-third (1/3) on each of March 1, 2017, March 1, 2018 and March 1, 2019, subject to the terms of the award agreement under the Plan.