Price Tracy 4
4 · CRIMSON EXPLORATION INC. · Filed Mar 11, 2011
Insider Transaction Report
Form 4
Price Tracy
Sr Vice President
Transactions
- Tax Payment
Common Stock
2011-02-26$4.36/sh−2,842$12,391→ 171,668 total - Disposition to Issuer
Employee Stock Option (right to buy)
2011-02-18−90,000→ 0 totalExercise: $11.60Exp: 2016-04-01→ Common Stock (90,000 underlying) - Award
Employee Stock Option (right to buy)
2011-02-18+90,000→ 90,000 totalExercise: $5.00Exp: 2021-02-18→ Common Stock (90,000 underlying) - Award
Common Stock
2011-03-09+18,133→ 189,801 total
Footnotes (4)
- [F1]Withholding of stock to satisfy tax withholding obligations.
- [F2]The reporting person was awarded 18,133 shares of restricted stock of the Issuer pursuant to a discretionary long-term equity award. Of these shares of restricted stock, 25% will vest on each of March 9, 2012, 2013, 2014 and 2015 should the reporting person remain an employee of the Company on the pertinent vesting date absent earlier vesting pursuant to the terms of the restricted stock award agreement.
- [F3]The option provided for vesting in four equal annual installments beginning April 1, 2006.
- [F4]On February 18, 2011, the Issuer cancelled, pursuant to the Issuer's option exchange program, vested options for 90,000 shares of Issuers common stock granted to the reporting person on April 1, 2005. In exchange, the reporting person received an unvested replacement option for 90,000 shares, having an exercise price of $5.00 per share. The option vests in four equal annual installments beginning February 18, 2012.