HALL OAKLEY 4
4 · Forestar Petroleum Corp · Filed Sep 28, 2012
Insider Transaction Report
Form 4
HALL OAKLEY
Director
Transactions
- Disposition to Issuer
Stock Options Right to Buy
2012-09-28−20,000→ 0 totalExercise: $12.78From: 2012-09-28Exp: 2016-12-06→ Common Stock (0 underlying) - Disposition to Issuer
Common Stock
2012-09-28$14.50/sh−100,000$1,450,000→ 0 total(indirect: By Partnership)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger ("Merger Agreement") between issuer, Forestar Group Inc. ("Forestar") and Longhorn Acquisition Inc., a wholly owned subsidiary of Forestar pursuant to which the reporting person received $14.50 per share.
- [F2]The reporting person owns 100% of the partnership.
- [F3]The options were disposed of pursuant to the Merger Agreement. The 20,000 options fully vested upon the merger at a price of $14.50 (merger consideration) minus the exercise price of $12.78 for a merger consideration total price of $1.72 per share.