4//SEC Filing
McCullough Michael C 4
Accession 0001140361-10-044775
CIK 0001022345other
Filed
Nov 9, 7:00 PM ET
Accepted
Nov 10, 2:34 PM ET
Size
10.6 KB
Accession
0001140361-10-044775
Insider Transaction Report
Form 4
McCullough Michael C
VP-Acquisitions & Divestitures
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2010-11-10−17,600→ 0 totalExercise: $14.00From: 2006-03-02Exp: 2015-03-11→ Common Stock (17,600 underlying) - Disposition to Issuer
Common Stock
2010-11-10−80,118→ 0 total - Tax Payment
Common Stock
2010-11-10−18,852→ 80,118 total
Footnotes (3)
- [F1]On November 10, 2010, 51,741 shares of the issuer's common stock granted to the reporting person under the issuer's Stock Incentive Plan, as amended or restated from time to time (the "Plan"), vested. To satisfy withholding tax obligations in connection with the vesting, the issuer withheld the shares this Form reports were disposed. In accordance with the Plan, the number of shares withheld was determined by reference to the closing price per share of the issuer's common stock on the New York Stock Exchange on November 9, 2010 of $26.50.
- [F2]Disposed of pursuant to an Agreement and Plan of Merger between Apache Corporation ("Apache"), Apache Deepwater LLC and Mariner Energy, Inc., dated 4/14/2010, as amended (the "Merger Agreement"), on 11/10/2010, the effective date of the merger (the "Effective Date"). Pursuant to the Merger Agreement, Mariner stockholders could elect to receive the following consideration: (i) all stock consideration of 0.24347 share of Apache common stock for each share of Mariner common stock, subject to possible proration, (ii) all cash consideration of $26.00 in cash for each share of Mariner common stock, subject to possible proration, and (iii) mixed consideration of $7.80 in cash and 0.17043 share of Apache common stock for each share of Mariner common stock (the "Mixed Consideration"). If no election was made, the stockholder will receive the Mixed Consideration for Mariner common stock. Apache announced it expects to announce final results of merger consideration elections on 11/12/2010.
- [F3]Pursuant to the Merger Agreement, this fully vested option was converted on the Effective Date into a fully vested option to purchase 4,285 shares of Apache common stock for $57.51 per share.
Documents
Issuer
MARINER ENERGY INC
CIK 0001022345
Entity typeother
Related Parties
1- filerCIK 0001442405
Filing Metadata
- Form type
- 4
- Filed
- Nov 9, 7:00 PM ET
- Accepted
- Nov 10, 2:34 PM ET
- Size
- 10.6 KB