SOROCHAN ERNEST GERALD 4
4 · MAINLAND RESOURCES INC. · Filed Mar 5, 2009
Insider Transaction Report
Form 4
SOROCHAN ERNEST GERALD
Director
Transactions
- Award
Stock Options
2008-07-15+200,000→ 200,000 totalExercise: $3.00From: 2008-07-15Exp: 2018-07-15→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]The 200,000 stock options were originally granted on July 15, 2008 at an exercise price of $4.95 per share. The Board of Directors authorized the re-pricing on the 200,000 options to $3.00 based upon consideration of certain factors including current economic conditions and price of natural gas.