PHILLIPS BAXTER F JR 4
4 · MASSEY ENERGY CO · Filed Mar 25, 2011
Insider Transaction Report
Form 4
PHILLIPS BAXTER F JR
DirectorPresident
Transactions
- Exercise/Conversion
Common Stock
2011-03-23$24.73/sh+2,454$60,687→ 122,674 total - Exercise/Conversion
Common Stock
2011-03-23$34.05/sh+2,450$83,423→ 125,124 total - Exercise/Conversion
Employee Stock Option (right to buy)
2011-03-23−2,454→ 0 totalExercise: $24.73From: 2009-11-12Exp: 2016-11-12→ Common Stock (2,454 underlying) - Sale
Common Stock
2011-03-23$67.00/sh−4,904$328,568→ 120,220 total - Exercise/Conversion
Employee Stock Option (right to buy)
2011-03-23−2,450→ 4,899 totalExercise: $34.05From: 2010-11-09Exp: 2019-11-09→ Common Stock (2,450 underlying)
Holdings
- 17,173(indirect: By 401(k))
Common Stock
- 8,911(indirect: By Spouse)
Common Stock
Footnotes (3)
- [F1]The stock options were exercised and the underlying common stock was sold pursuant to a sales plan entered into by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- [F2]Consideration for these stock options is in the form of labor performed for or services rendered to Massey, having a fair market value of not less than the present fair market value of a like number of options of common stock of Massey.
- [F3]One-third of the remaining stock options vest and become exercisable on November 9, 2011 and the remaining one-third vest on November 9, 2012.