Broussard Andre J 4
4 · EPL OIL & GAS, INC. · Filed Feb 5, 2013
Insider Transaction Report
Form 4
Broussard Andre J
SVP - Geosciences
Transactions
- Tax Payment
Common Stock
2013-02-03$24.82/sh−1,034$25,664→ 24,957 total - Award
Common Stock
2013-02-04+7,082→ 32,039 total
Footnotes (3)
- [F1]Pursuant to the Reporting Person's Rule 10b5-1 plan, the Issuer withheld shares of Common Stock from the Reporting Person to pay the withholding tax obligations related to the lapse of transfer and forfeiture restrictions on restricted shares of Common Stock held by the Reporting Person.
- [F2]Shares of restricted stock granted on February 4, 2013 under the Issuer's 2009 Long Term Incentive Plan, as amended. The restricted shares are subject to customary transfer restrictions and risk of forfeiture provisions, which lapse in one-third increments on the first three anniversaries of the Date of Grant.
- [F3]Consistent with the provisions of the Issuer's 2009 Long Term Incentive Plan, the grantee did not pay any consideration to the Issuer for the restricted shares that were granted. By way of reference, the closing price per share of the Issuer's common stock on the New York Stock Exchange on February 4, 2013 was $24.71.