van Houweninge Mathijs 4
4 · Blackwater Midstream Corp. · Filed Dec 9, 2009
Insider Transaction Report
Form 4
van Houweninge Mathijs
Director
Transactions
- Award
Common Stock
2009-12-08$0.32/sh+156,250$50,000→ 976,845 total(indirect: By Affiliate Entity) - Award
Common Stock
2009-12-08$0.32/sh+60,000$19,200→ 1,036,845 total - Award
Stock Option (Right to Buy)
2009-12-07+400,000→ 400,000 totalExercise: $0.35From: 2009-12-07Exp: 2019-12-07→ Common Stock (400,000 underlying) - Award
Common Stock
2009-12-08$0.32/sh+93,750$30,000→ 820,595 total(indirect: By Affiliate Entity)
Footnotes (4)
- [F1]Shares were awarded in conjunction with a promissory note agreement, dated January 1, 2009 between the Issuer and No Logo Air, Inc., an entity owned by Mr. Mathijs van Houweninge.
- [F2]Shares were awarded in conjunction with a promissory note agreement, dated January 1, 2009 between the Issuer and Ter Mast Beheer Utrecht B.V., an entity owned by Mr. Mathijs van Houweninge.
- [F3]Shares were awarded as per the Blackwater Midstream Corp. 2008 Incentive Plan in consideration for services rendered as a member of the Issuer's Board of Directors.
- [F4]The stock options were issued in consideration for services rendered as a member of the Issuer's Board of Directors. The vesting schedule is as follows: 57,142 options vest immediately, 171,429 options vest on the date of the Issuer's Annual Shareholders meeting in 2010, and 171,429 options vest on the date of the Issuer's Annual Shareholders meeting in 2011.