GULFPORT ENERGY CORP 4
4 · GULFPORT ENERGY CORP · Filed Sep 28, 2004
Insider Transaction Report
Form 4
JACOBS JOSEPH
Other
Transactions
- Conversion
Common Stock
2004-08-17$1.20/sh+8,742$10,490→ 17,100 total(indirect: See Footnote) - Conversion
Common Stock
2004-08-17$1.20/sh+19,745$23,694→ 38,668 total - Conversion
Common Stock Purchase Rights
2004-08-17−1,770,381→ 0 total(indirect: See Footnote)Exercise: $1.20From: 2004-07-23Exp: 2004-08-17→ Common Stock (1,770,381 underlying) - Conversion
Common Stock
2004-08-17$1.20/sh+1,770,381$2,124,457→ 3,479,292 total(indirect: See Footnote) - Conversion
Common Stock Purchase Rights
2004-08-17−8,742→ 0 total(indirect: See Footnote)Exercise: $1.20From: 2004-07-23Exp: 2004-08-17→ Common Stock (8,742 underlying) - Conversion
Common Stock Purchase Rights
2004-08-17−19,745→ 0 totalExercise: $1.20From: 2004-07-23Exp: 2004-08-17→ Common Stock (19,745 underlying)
Footnotes (5)
- [F1]These shares are beneficially owned by seven entities (the "Wexford Entities") for which Wexford Capital LLC ("Wexford") serves as either investment manager, manager or sub-advisor. The Reporting Person is President, Managing Member and a controlling member of Wexford. The Reporting Person disclaims beneficial ownership of these shares for purposes of Rule 16(a)-(3)(a) promulgated under the Securities Exchange Act of 1934.
- [F2]These shares are owned by the Reporting Person's spouse and in accounts for the benefit of his children, of which the Reporting Person serves as custodian.
- [F3]All shareholders of record were distributed one Right for each 1.0146 shares of common stock held as of the record date. Each Right entitled the holder to subscribe to purchase one share of common stock for $1.20. In addition, holders of Rights who exercised all of their Rights had the right to oversubscribe for additional shares at $1.20 per share. All of the Wexford Entities exercised all of their respective rights and certain of the Wexford Entities received additional Rights.
- [F4]Such Rights were owned by various funds for which Wexford is an investment manager or sub-advisor.
- [F5]Such Rights were owned by the Reporting Person's spouse and in accounts for the benefit of his children, of which the Reporting Person serves as custodian.