Index Oil & Gas Inc. 4
4 · Index Oil & Gas Inc. · Filed Jun 6, 2007
Insider Transaction Report
Form 4
Index Oil & Gas Inc.IXOG.OB
Williams John Glynn
DirectorExecutive VP of Explore & Prod
Transactions
- Purchase
Stock Options (right to buy)
2007-03-20+500,000→ 500,000 totalExercise: $1.42From: 2007-03-20Exp: 2012-03-20→ Common Stock (500,000 underlying) - Award
Common Stock, $0.001 par value
2007-05-01$1.50/sh+37,500$56,250→ 87,500 total
Footnotes (3)
- [F1]The shares awarded vest as follows: 12,500 shares vested immediately on the date of the grant, with the remainder to vest in two equal installments on the 1st and 2nd anniversary of the date of the award.
- [F2]Reporting Person earned a bonus in the amount of $56,250 for the fiscal year ended March 31, 2007, which converted into 37,500 shares, at a price of $1.50 per share.
- [F3]The stock options vest as follows: 50% of the options vest immediately, 25% of the remaining options vest on March 20, 2008, and the remainder 25% vest on March 20, 2009.