4//SEC Filing
Tseng Jamie 4
Accession 0001140361-09-028866
CIK 0001402281other
Filed
Dec 10, 7:00 PM ET
Accepted
Dec 11, 4:55 PM ET
Size
10.1 KB
Accession
0001140361-09-028866
Insider Transaction Report
Form 4
Tseng Jamie
Executive VP
Transactions
- Award
Common Stock
2009-12-08+10,572→ 820,467 total - Award
Employee Stock Option (Right to Buy)
2009-12-08+20,660→ 324,660 totalExercise: $4.02Exp: 2014-12-08→ Common Stock (20,660 underlying) - Sale
Common Stock
2009-12-09−17,000→ 803,467 total
Footnotes (4)
- [F1]Common Stock of Issuer granted to Reporting Person pursuant to Issuer's 2009 Equity Incentive Plan and subject thereto. Grant of restricted stock subject to forfeiture. 50% of the shares will become vested and nonforfeitable on the six (6) month anniversary of the Grant Date, 25% of the shares will become vested and nonforfeitable on the thirteenth (13th) month anniversary of the Grant Date, and the balance 25% of the shares will become vested and nonforfeitable on the twenty-fifth (25th) month anniversary of the Grant Date, for so long as the recipient of the stock remains an employee of or consultant to the Company and subject to the terms and conditions of the Restricted Stock Purchase Agreement entered into by and between the Company and the Grantee.
- [F2]Sales pursuant to Rule 10b5-1 Plan established November 26, 2009 and administered by Wells Fargo Advisors, LLC.
- [F3]2,500 shares were sold at $3.95; 4,300 at $3.96 and 10,200 at $3.98 on 12/9/09.
- [F4]Options to purchase Common Stock of Issuer pursuant to Issuer's 2009 Equity Incentive Plan and subject thereto. Vesting at the rate of (i) 50% of the shares on the six (6)month anniversary of the Grant Date, (ii) 25% of the shares on the thirteenth (13th) month anniversary of the Grant Date, and (iii) 25% of the shares on the twenty-fifth (25th) month anniversary of the Grant Date, for so long as the recipient of the Option remains an employee of or consultant to the Company, and subject to the terms and conditions of the Stock Option Agreement entered into by and between the Company and the Optionee.
Documents
Issuer
Pacific Asia Petroleum Inc
CIK 0001402281
Entity typeother
Related Parties
1- filerCIK 0001415591
Filing Metadata
- Form type
- 4
- Filed
- Dec 10, 7:00 PM ET
- Accepted
- Dec 11, 4:55 PM ET
- Size
- 10.1 KB