GINNS JONATHAN J 4
4 · MARINER ENERGY INC · Filed May 5, 2010
Insider Transaction Report
Form 4
GINNS JONATHAN J
Director
Transactions
- Award
Common Stock
2010-05-05+6,198→ 36,570 total
Holdings
- 23,512(indirect: See Footnote)
Common Stock
Footnotes (2)
- [F1]Shares of restricted stock granted on May 11, 2009 under the issuer's Stock Incentive Plan, as amended and restated from time to time. The shares vest one-third on each of the next three regularly-scheduled annual meetings of the issuer's stockholders following the date of grant. The number of shares granted was determined by reference to the closing price per share of the issuer's common stock on the New York Stock Exchange on May 8, 2009 of $13.43.
- [F2]The decrease in the number of shares reported as indirectly owned since the last Form 4 filed reflects the distribution by ACON E&P, LLC (the "LLC") to ultimate beneficial owners of 100% of the 184,044 shares previously reported as beneficially owned by the LLC, including 23,512 shares distributed to an entity in which Mr. Ginns has a pecuniary interest. Mr. Ginns disclaimed beneficial ownership of the securities held by the LLC except to the extent of his pecuniary interest therein.