VALENTINE ROBERT J 4
4 · Steel Excel Inc. · Filed May 18, 2012
Insider Transaction Report
Form 4
Steel Excel Inc.SXCL.PK
VALENTINE ROBERT J
Director
Transactions
- Award
Common Stock
2012-05-17$0.00/sh+1,625$2→ 1,625 total - Award
Non-Qualified Stock Option (right to buy)
2012-05-17+3,250→ 3,250 totalExercise: $27.00From: 2013-05-17Exp: 2022-05-17→ Common Stock (3,250 underlying)
Footnotes (2)
- [F1]Represents an award of Restricted Stock Units from the Issuer's 2006 Director Plan for 1,625 shares of common stock that will vest with respect to 33.33% of the shares on May 17, 2013 and 8.33% of the shares quarterly thereafter, such that the award is fully vested on May 17, 2015.
- [F2]A total of 3,250 of Non-Qualified Stock Options were granted on May 17, 2012 from the Issuer's 2006 Director Plan. The 33.33% of the shares represented by the option will vest on May 17, 2013 and 8.33% of the shares will vest quarterly thereafter, such that the total option shares will be fully vested on May 17, 2015.