Smith Elizabeth P 4
4 · Pacific Asia Petroleum Inc · Filed May 14, 2009
Insider Transaction Report
Form 4
Pacific Asia Petroleum IncPFAP.OB
Smith Elizabeth P
Director
Transactions
- Award
Common Stock
2009-05-12+100,000→ 288,947 total
Footnotes (1)
- [F1]Grant of restricted stock subject to forfeiture. 50% of the shares will become vested and nonforfeitable immediately upon the Grant Date, and the balance 50% of the shares will become vested and nonforfeitable on the six (6) month anniversary of the Grant Date, for so long as the recipient of the stock remains a Director, an employee of or consultant to the Company and subject to the terms and conditions of a Restricted Stock Purchase Agreement to be entered into by and between the Company and the recipient.