WHITNEY JON R 4/A
4/A · AMERICAN OIL & GAS INC · Filed Apr 8, 2010
Insider Transaction Report
Form 4/AAmended
WHITNEY JON R
Director
Transactions
- Award
Stock Option (Right to Buy)
2010-01-26+87,500→ 87,500 totalExercise: $2.38→ Common Stock (87,500 underlying) - Exercise of In-Money
Common Stock
2010-01-26$2.38/sh+12,500$29,750→ 29,500 total - Disposition to Issuer
Stock Option (Right to Buy)
2010-01-26$2.38/sh−12,500$29,750→ 87,500 totalExercise: $2.38From: 2005-03-31Exp: 2010-03-31→ Common Stock (12,500 underlying) - Award
Common Stock
2010-01-26+7,519→ 37,019 total - Disposition to Issuer
Stock Option (Right to Buy)
2010-01-26−87,500→ 0 totalExercise: $2.38→ Common Stock (87,500 underlying)
Footnotes (4)
- [F1]These shares are restricted shares, and Mr. Whitney is not permitted to sell, transfer, pledge, exchange, hypothecate, or otherwise dispose of two-thirds' of the shares until he is no longer a member of the board.
- [F2]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the original option and the grant of a replacement option. The option was originally granted on February 15, 2005 and provides for vesting in eight equal quarterly installments commencing on the first day of each quarter during which Mr. Whitney continues to serve on the Issuer's Board of Directors.
- [F3]Each portion of the options to purchase shares will expire and terminate on the fifth anniversary of the date it first becomes exercisable.
- [F4]Each portion of the options to purchase shares will expire and terminate on the fifth anniversary of the date it first becomes exercisable. The remaining installments of the replacement option vesting on after March 31, 2005 were extended to expire and terminate on the second anniversary of the original expiration date of the original option.