WORTHEY MARK 4

Accession 0001042619-06-000011

CIK 0000945764other

Filed

Jun 6, 8:00 PM ET

Accepted

Jun 7, 5:25 PM ET

Size

24.1 KB

Accession

0001042619-06-000011

Form 4

Period: 2006-06-05

Sr. V.P. Operations

Transactions

Disposition to Issuer
Stock Option
2006-06-05−6,050→ 6,050 total
Exercise: $24.38From: 2010-01-03Exp: 2016-01-03→ Common Stock (6,050 underlying)
Award
Stock Option
2006-06-05+29,740→ 29,740 total
Exercise: $5.63From: 2007-01-02Exp: 2007-12-31→ Common Stock (29,740 underlying)
Disposition to Issuer
Stock Option
2006-06-05−29,740→ 0 total
Exercise: $5.63From: 2007-01-02Exp: 2013-01-02→ Common Stock (29,740 underlying)
Award
Stock Option
2006-06-05+33,350→ 33,350 total
Exercise: $6.83From: 2008-01-02Exp: 2008-12-31→ Common Stock (33,350 underlying)
Disposition to Issuer
Common Stock
2006-06-05−1,513→ 107,892 total
Award
Common Stock
2006-06-05+136,500→ 244,392 total
Disposition to Issuer
Stock Option
2006-06-05−28,650→ 0 total
Exercise: $13.86From: 2009-01-03Exp: 2015-01-03→ Common Stock (28,650 underlying)
Disposition to Issuer
Common Stock
2006-06-05−304,500→ 109,405 total
Disposition to Issuer
Stock Option
2006-06-05−33,350→ 0 total
Exercise: $6.83From: 2008-01-02Exp: 2014-01-02→ Common Stock (33,350 underlying)
Tax Payment
Common Stock
2006-06-05$31.85/sh−46,998$1,496,886→ 197,394 total

Footnotes (5)

[F1]The two reported transactions involved an amendment of an outstanding restricted stock award resulting in the deemed cancellation of the "old" award and grant of a replacement award. Under the original award, 182,000 shares were originally scheduled to vest in four tranches at 45,500 shares annually each August 6th of 2006 through 2009, and 122,500 shares were originally scheduled to vest pursuant to the retirement provision of the plan. In accordance with amendment of this award pursuant to a separation agreement between Mr. Worthey and Denbury, Mr. Worthey was immediately vested in 136,500 shares of the original restricted share awards and 168,000 restricted shares were forfeited.
[F2]These shares were originally issued pursuant to a restricted stock award and were forfeited upon Mr. Worthey's termination from Denbury.
[F3]Reflects restricted shares used to satisfy minimum tax withholding.
[F4]These reported transactions involve an amendment of these outstanding option awards, resulting in the deemed cancellation of the "old" option awards and the grant of replacement options, by providing for the retention of these options by Mr. Worthey beyond the termination of his employment and amendments to the expiration date of these options.
[F5]These options and SAR were cancelled due to the termination of the employment of Mr. Worthey.

Documents

1 file

DENBURY RESOURCES INC

CIK 0000945764

Entity typeother