Lawal Abiola L. 4
4 · CAMAC Energy Inc. · Filed Feb 22, 2011
Insider Transaction Report
Form 4
Lawal Abiola L.
Interim CFO
Transactions
- Award
Common Stock
2011-02-18+70,000→ 177,288 total - Award
Employee Stock Option (Right to Buy)
2011-02-18+1,250,000→ 1,442,642 totalExercise: $1.82Exp: 2016-02-18→ Common Stock (1,250,000 underlying)
Footnotes (2)
- [F1]Grant of restricted stock subject to forfeiture, vesting 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 the Restricted Stock Purchase Agreement entered into by and between the Company and the Grantee. Vesting in accordance with the following schedule: 100% vesting on February 18, 2012.
- [F2]Vesting at the rate of 1/3 of the shares on each of January 1, 2012, January 1, 2013, and January 1, 2014 for so long as the recipient of the Option remains an employee of or consultant to the Company, and subject to the terms and conditions of the Stock Option Agreement entered into by and between the Company and the Optionee.