MCMORAN EXPLORATION CO /DE/ 4
4 · MCMORAN EXPLORATION CO /DE/ · Filed Aug 16, 2007
Insider Transaction Report
Form 4
KEYSTONE GROUP LP
Other
Transactions
- Conversion
5% Convertible Preferred Stock
2007-06-18$25.00/sh−49,500$1,237,500→ 0 totalExercise: $0.00From: 2002-06-21Exp: 2012-06-30→ Common Stock (257,276 underlying) - Conversion
Common Stock, par value $0.01 per share
2007-06-18+257,276→ 821,991 total
Footnotes (2)
- [F1]All of the securities reported herein are held directly for the account of Keystone Group, L.P. , a Delaware limited partnership ("Keystone"), and indirectly by the reporting person, pursuant to the relationships set forth in this footnote. Stratton R. Heath III ("Mr. Heath") is the President and sole member of Keystone Manager, LLC, a Delaware limited liability company ("Keystone Manager"), which is the manager of Keystone MGP, LLC, a Delaware limited liability company ("Keystone MGP"), which is the managing general partner of Keystone.
- [F2]Pursuant to Rule 16a-1(a)(2) under the Exchange Act of 1934, as amended (the "Act"), Mr. Heath, Keystone Manager, and Keystone MGP are deemed to be beneficial owners of shares of Common Stock beneficially owned by Keystone only to the extent of the greater of his or its respective direct or indirect interest in the profits or capital account of Keystone. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that Mr. Heath, Keystone Manager, or Keystone MGP is, for purposes of Section 16 under the Act or otherwise, the beneficial owner of any securities owned by Keystone in excess of such amount.