MACKENZIE SUSAN 4
4 · Oilsands Quest Inc · Filed Mar 31, 2010
Insider Transaction Report
Form 4
MACKENZIE SUSAN
Chief Operating Officer
Transactions
- Award
Stock Option
2010-03-29+2,000,000→ 2,000,000 totalExercise: $0.76Exp: 2015-03-29→ Common Stock (2,000,000 underlying)
Footnotes (1)
- [F1]Ms. MacKenzie was granted 2,000,000 options pursuant to the Company's 2006 Stock Option Plan on March 29, 2010. These options vest either: (A) 25% upon commencement of employment and 25% each year for four years after the date of grant (March 29, 2011, March 29, 2012, March 29, 2013 and March 29, 2014), or (B) 100% upon a merger, acquisition, sale or a change in control. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).