Odom Charles H 4
4 · MARINER ENERGY INC · Filed Apr 21, 2010
Insider Transaction Report
Form 4
Odom Charles H
VP-Offshore Land & Bus Develop
Transactions
- Award
Common Stock
2010-04-14+17,121→ 57,291 total
Footnotes (1)
- [F1]Shares of restricted stock granted on April 14, 2010 under Mariner Energy, Inc. Third Amended and Restated Stock Incentive Plan as part of 2008 Long-Term Performance-Based Restricted Stock Program. The stock generally vests as follows: (i) 40% of the shares vest pro rata over five years on each of the first five anniversaries of the date on which the rolling 15-day average closing price per share of Mariner common stock is $38 or more but less than $46, and (ii) the remaining 60% of the shares vest pro rata over seven years on each of the first seven anniversaries of the date on which the rolling 15-day average closing price per share of Mariner common stock is $46 or more.