4//SEC Filing
PAM TRANSPORTATION SERVICES INC 4
Accession 0001019687-13-003375
$PAMTCIK 0000798287operating
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 6:14 PM ET
Size
15.9 KB
Accession
0001019687-13-003375
Insider Transaction Report
Form 4
STEWART LANCE
VP Fin, CFO, Sec. and Treas.
Transactions
- Expiration (Short)
STOCK OPTION (Right to Buy)
2013-08-28$1.28/sh+7,500$9,600→ 0 totalExercise: $11.22Exp: 2020-11-30→ Common Stock (7,500 underlying) - Award
STOCK OPTION (Right to Buy)
2012-07-27+83.5→ 83.5 totalExercise: $11.22From: 2012-07-27Exp: 2020-11-30→ Common Stock (83.5 underlying) - Award
STOCK OPTION (Right to Buy)
2013-07-27+83.5→ 167 totalExercise: $11.22From: 2013-07-27Exp: 2020-11-30→ Common Stock (83.5 underlying) - Expiration (Short)
STOCK OPTION (Right to Buy)
2013-08-28$1.28/sh+167$214→ 0 totalExercise: $11.22Exp: 2020-11-30→ Common Stock (167 underlying) - Expiration (Short)
STOCK OPTION (Right to Buy)
2013-08-28$1.60/sh+15,000$24,000→ 0 totalExercise: $10.90Exp: 2022-05-24→ Common Stock (1,500 underlying)
Footnotes (3)
- [F1]On November 30, 2010, the reporting person was granted an option for 6,400 shares to vest based on the satisfaction of certain quarterly and annual performance criteria by P.A.M. Transportation Services, Inc. (the "Company") for each quarter in 2011 and for the year ended 2011. The earned shares became exercisable in five equal annual installments beginning on the first anniversary of the date of the Company's earnings release in which the applicable performance criteria were met. The performance criteria for the second quarter of 2011 were met, resulting in the vesting of 83.5 shares on July 27, 2012, and 83.5 shares on July 27, 2013. The option was canceled on August 28, 2013 by mutual agreement of the reporting person and the Company. The reporting person received $213.76 as consideration for the cancellation, representing a value of $12.50 per share for the 167 vested shares under the option, less the exercise price of $11.22 per vested share.
- [F2]On November 30, 2010, the reporting person was granted an option for 7,500 shares to vest in five equal annual installments beginning on November 30, 2011. The option was canceled on August 28, 2013 by mutual agreement of the reporting person and the Company. The reporting person received $3,840.00 as consideration for the cancellation, representing a value of $12.50 per share for the 3,000 vested shares under the option, less the exercise price of $11.22 per vested share.
- [F3]On May 24, 2012, the reporting person was granted an option for 15,000 shares to vest in five equal annual installments beginning on May 24, 2013. The option was canceled on August 28, 2013 by mutual agreement of the reporting person and the Company. The reporting person received $4,800.00 as consideration for the cancellation, representing a value of $12.50 per share for the 3,000 vested shares under the option, less the exercise price of $10.90 per vested share.
Documents
Issuer
PAM TRANSPORTATION SERVICES INC
CIK 0000798287
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000798287
Filing Metadata
- Form type
- 4
- Filed
- Aug 28, 8:00 PM ET
- Accepted
- Aug 29, 6:14 PM ET
- Size
- 15.9 KB