Deacon Thomas J 4
4 · TORRENT ENERGY CORP · Filed Mar 21, 2006
Insider Transaction Report
Form 4
Deacon Thomas J
Other
Transactions
- Other
Common shares
2006-02-22+150,000→ 390,000 total
Holdings
- 45,000
Stock options
Exercise: $0.50From: 2004-08-03Exp: 2009-08-03→ Common (45,000 underlying) - 245,000
Stock options
Exercise: $1.25From: 2005-04-01Exp: 2010-04-01→ Common (200,000 underlying)
Footnotes (3)
- [F1]Mr. Deacon received these shares as the third tranche issuance of shares under a Lease Purchase and Sale Agreement dated May 11, 2004, as amended June 11, 2004 among the Issuer, Methane Energy Corp. and GeoTrends-Hampton International LLC.
- [F2]The options vest as to 25% on the date of grant and 25% every six months so that all options are vested by December 31, 2005.
- [F3]The options vest as to 25% on the date of grant and 25% every six months so that all options are vested by September 17, 2006.