4//SEC Filing
PATINA OIL & GAS CORP 4
Accession 0001124201-05-000002
CIK 0001006264operating
Filed
May 17, 8:00 PM ET
Accepted
May 18, 1:12 PM ET
Size
12.9 KB
Accession
0001124201-05-000002
Insider Transaction Report
Form 4
BERENSON JEFFREY L
Director
Transactions
- Disposition to Issuer
Common Stock
2005-05-16−14,449→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2005-05-16−7,500→ 0 totalExercise: $26.81From: 2005-06-14Exp: 2009-06-14→ Common Stock (7,500 underlying) - Disposition to Issuer
Non-Qualified Stock Option (right to buy)
2005-05-16−15,626→ 0 totalExercise: $12.80From: 2003-12-09Exp: 2007-12-09→ Common Stock (15,626 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger dated as of December 15, 2005 by and among Noble Energy, Inc. ("Noble Energy"), Noble Energy Production, Inc. and Patina Oil & Gas Corporation ("Patina") (the "Merger Agreement"), at the effective time of the merger contemplated therein, each outstanding share of Patina common stock, par value $.01 per share ("Patina Common Stock") was converted into the right to receive either a number of shares of Noble Energy common stock or an amount of cash, subject to possible allocation. The value of the merger consideration to be received with respect to each share of Patina common stock will be approximately $39.34 per share for any shares of Patina common stock exchanged for cash and 0.6014 shares of Noble Energy common stock for each share of Patina common stock exchanged for Noble Energy common stock.
- [F2]Pursuant to the terms of the Merger Agreement, at the effective time of the merger contemplated therein, each Patina stock option that is outstanding and unexercised immediately prior to the effective time of the merger was converted automatically into a fully vested option to purchase Noble Energy common stock. The number of shares of Noble Energy common stock subject to the Noble Energy stock option is equal to the product of the number of shares of Patina common stock subject to the Patina stock option and the exchange ratio determined pursuant to the Merger Agreement of 0.6014, rounded down to the nearest whole share. The exercise per share of Noble Energy common stock subject to the new Noble Energy stock option is equal to the exercise price per share of Patina common stock under the Patina stock option divided by the exchange ratio, rounded up to the nearest whole cent.
Documents
Issuer
PATINA OIL & GAS CORP
CIK 0001006264
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001006264
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 1:12 PM ET
- Size
- 12.9 KB