HORTON SIMEON KING 4
4 · MAINLAND RESOURCES INC. · Filed Feb 11, 2009
Insider Transaction Report
Form 4
HORTON SIMEON KING
Director
Transactions
- Award
Stock Options
2008-08-18+400,000→ 400,000 totalExercise: $3.00From: 2008-08-18Exp: 2018-08-18→ Common Stock (400,000 underlying) - Award
Stock Options
2009-02-04+150,000→ 150,000 totalExercise: $3.00From: 2009-02-04Exp: 2019-02-04→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]The 400,000 stock options were originally granted on August 18, 2008 at an exercise price of $6.35 per share. The Board of Directors authorized the re-pricing on the 400,000 options to $3.00 based upon consideration of certain factors including current economic conditions and price of natural gas.