KORNDER DAVID J 4
4 · BioFuel Energy Corp. · Filed Jun 21, 2007
Insider Transaction Report
Form 4
KORNDER DAVID J
Executive VP and CFO
Transactions
- Award
Option to Buy
2007-06-19+100,000→ 100,000 totalExercise: $10.50→ Common stock, par value $0.01 per share (100,000 underlying) - Award
Common stock, par value $0.01 per share
2007-06-19+22,059→ 22,059 total
Footnotes (3)
- [F1]Consists of 22,059 shares of restricted common stock of BioFuel Energy Corp. (the "Company") that were granted to Mr. Kornder pursuant to the Company's 2007 Equity Incentive Compensation Plan that will vest in equal increments of 25% per year on the first four anniversaries of the date of the grant. In addition, Mr. Kornder holds 84,587 shares of Class B Common Stock, par value $0.01 per share ("Class B Stock") of the Company and 84,587 LLC membership units ("Units") of BioFuel Energy, LLC (the "LLC") which may be exchanged at any time for common stock of the Company on a one-for-one basis. Mr. Kornder also indirectly holds 18,707 shares of Class B Stock and 18,707 Units, which are attributable to his ownership interest in BioFuel Partners, LLC, a member of the LLC.
- [F2]Stock options were granted to Mr. Kornder pursuant to the Company's 2007 Equity Incentive Compensation Plan and will vest with respect to 30%, 30% and 40% of the shares of common stock on each of the first three anniversaries of the grant date.
- [F3]Each option will expire upon the earlier of (i) the fifth anniversary of the date the option is granted and (ii) either (x) 90 days after the participant who is holding the option ceases to be a Director, officer or employee of the Company or one of its affiliates for any reason other than the participant's death or (y) six months after the date the participant who is holding the option ceases to be a Director, officer or employee of the Company or one of its affiliates by reason of the participant's death.