Johnson Marcus M 4
4 · MORGAN CREEK ENERGY CORP · Filed Aug 11, 2009
Insider Transaction Report
Form 4
Johnson Marcus M
Other
Transactions
- Other
Stock Options
2009-07-31−166,667→ 0 totalExercise: $3.30From: 2006-12-15Exp: 2011-12-15→ Common Stock (166,667 underlying) - Other
Stock Options
2009-07-31−250,000→ 0 totalExercise: $1.00From: 2008-04-30Exp: 2018-04-30→ Common Stock (250,000 underlying) - Award
Stock Options
2009-07-31+300,000→ 300,000 totalExercise: $0.25From: 2009-07-31Exp: 2019-07-31→ Common Stock (300,000 underlying)
Footnotes (1)
- [F1]The Board of Directors pursuant to a special meeting held of July 14, 2009 approved the cancellation of the 166,667 stock options exercisable at $3.30 per share and the 250,000 stock options exercisable at $1.00 per share and the re-issuance of new stock options. Subsequently, the Board of Directors pursuant to a special meeting held on July 31, 2009 approved the grant of the specific 150,000 stock options exercisable at $0.50 per share (which were increased to 300,000 stock options in accordance with the forward stock split of 2:1 effective August 3, 2009) based upon an analysis of the oil and gas industry and general economic conditions.