4//SEC Filing
AGEE KENNETH L 4
Accession 0001068208-05-000003
CIK 0001029023other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 7:41 PM ET
Size
6.7 KB
Accession
0001068208-05-000003
Insider Transaction Report
Form 4
SYNTROLEUM CORPSYNM
AGEE KENNETH L
Director and Chairman10% Owner
Transactions
- Other
Forward Sale Contract (Right/Obligation to Sell)
2005-06-29−0→ 0 total→ Common Stock
Footnotes (1)
- [F1]On 6/29/05 Kenneth L. Agee and Cindy A. Agee TIC, a trust controlled by Mr. Agee (the "Trust"), and Merrill Lynch Pierce Fenner & Smith ("Merrill") agreed upon the definitive terms of a prepaid variable forward sales contract ("Forward Contract") with respect to 200,000 shares of Syntroleum common stock. Pursuant to the Forward Contract, the Trust received $1,806,000 and is required to deliver to Merrill on or around 6/29/07 a variable number of shares of Syntroleum common stock not to exceed 200,000 shares. The actual number of underlying shares to be delivered will be determined based upon the market price of the shares at the maturity of the Forward Contract. If such market price is less than or equal to $10.50 per share then the Trust will be obligated to deliver the full amount of the underlying securities, and if such market price is above $10.50 per share then the Trust will be obligated to deliver a lesser amount of underlying securities based upon a predetermined formula.
Documents
Issuer
SYNTROLEUM CORP
CIK 0001029023
Entity typeother
Related Parties
1- filerCIK 0001068208
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 7:41 PM ET
- Size
- 6.7 KB