FOREST OIL CORP 4/A
4/A · FOREST OIL CORP · Filed Oct 25, 2012
Insider Transaction Report
Form 4/AAmended
Clark H. Craig
DirectorPresident & CEO, Director
Transactions
- Other
Time-Based Cash Award
2012-06-21−0→ 0 total - Other
Time-Based Cash Award
2012-06-21−0→ 0 totalFrom: 2012-06-21Exp: 2012-06-21→ Time-Based Cash Award (0 underlying) - Other
Time-Based Cash Award
2012-06-21+0→ 0 total - Other
Time-Based Cash Award
2012-06-21−0→ 0 totalFrom: 2012-06-21Exp: 2012-06-21→ Time-Based Cash Award (0 underlying) - Other
Time-Based Cash Award
2012-06-21−0→ 0 total - Other
Time-Based Cash Award
2012-06-21+0→ 0 total
Footnotes (3)
- [F2]The exit box was inadvertently checked on the Original Form 4 filed with the Securities and Exchange Commission on June 25, 2012. The Reporting Person's employment with the Issuer terminated on June 21, 2012, but the Reporting Person remained a Director of the Issuer through October 5, 2012, when he resigned from the Board.
- [F3]On June 10, 2011, Reporting Person was granted a time-based cash award with an initial value of $469,500. On the award's payment date, Reporting Person is entitled to receive an amount of cash equal to the initial value multiplied by a fraction, the numerator of which is the sum of (A) the fair market value of a share of Issuer common stock on the payment date plus (B) the value of dividends and other distributions paid to shareholders with respect to a share of Issuer common stock from June 10, 2011 until the payment date, and the denominator of which is $27.11. The payment date is the earliest of (i) June 10, 2014, (ii) the date of a change of control of Issuer, and (iii) the date of Reporting Person's death, disability or involuntary termination of employment. Effective as of June 21, 2012, the date of Reporting Person's involuntary from Issuer, this award was paid out at $193,706.
- [F4]On March 12, 2012, Reporting Person was granted a time-based cash award with an initial value of $166,000. On the award's payment date, Reporting Person is entitled to receive an amount of cash equal to the initial value multiplied by a fraction, the numerator of which is the sum of (A) the fair market value of a share of Issuer common stock on the payment date plus (B) the value of dividends and other distributions paid to shareholders with respect to a share of Issuer common stock from March 12, 2012 until the payment date, and the denominator of which is $12.405. The payment date is the earliest of (i) March 12, 2015, (ii) the date of a change of control of Issuer, and (iii) the date of Reporting Person's death, disability or involuntary termination of employment. Effective as of June 21, 2012, the date of Reporting Person's involuntary from Issuer, this award was paid out at $93,739.