DAVIS RAY K 4
4 · ASPEN EXPLORATION CORP · Filed Jan 11, 2006
Insider Transaction Report
Form 4
DAVIS RAY K
Assistant Secretary
Transactions
- Exercise/Conversion
Option
2005-04-27$2.67/sh−8,333$22,249→ 16,667 totalExercise: $2.67From: 2006-01-01Exp: 2010-01-01→ Common (8,333 underlying) - Exercise/Conversion
Common Stock $.005 Par Value
2006-01-10$2.67/sh+8,333$22,249→ 172,336 total
Footnotes (2)
- [F1]Transaction is exempt from the 16(a) reporting requirements pursuant to Rule 16b-3(d).
- [F2]8,333 shares vest and are exercisable on 1/1/06 and 1/1/07 and 8,334 on 1/1/08.