Lawal Abiola L. 4
4 · CAMAC Energy Inc. · Filed Jun 9, 2010
Insider Transaction Report
Form 4
Lawal Abiola L.
Interim CFO
Transactions
- Award
Common Stock
2010-06-07+84,000→ 84,000 total
Footnotes (1)
- [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 May 17, 2010 (the "Vesting Commencement Date"). 25% of the shares will become vested and nonforfeitable on the thirteenth (13th) month anniversary of the Vesting Commencement Date, and the balance 25% of the shares will become vested and nonforfeitable on the twenty-fifth (25th) month anniversary of the Vesting Commencement 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 a Restricted Stock Purchase Agreement to be entered into by and between the Company and the Grantee.