WONG GARTH 4
4 · Oilsands Quest Inc · Filed Mar 16, 2011
Insider Transaction Report
Form 4
WONG GARTH
Chief Financial Officer
Transactions
- Award
Stock Options (right to buy)
2011-03-04+500,000→ 500,000 totalExercise: $0.53Exp: 2016-03-10→ Common Stock (500,000 underlying)
Footnotes (1)
- [F1]These options were granted pursuant to the Company's 2006 Stock Option Plan on March 4, 2011. The options vest either (i) 25% immediately and 25% each year for three years after the date of grant (March 10, 2012, March 10, 2013, and March 10, 2014) provided Mr. Wong is an employee of the Company; or (ii) 100% vesting upon a merger, acquisition, sale or a change in control. The transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).