EQUAL ENERGY LTD. 4
4 · EQUAL ENERGY LTD. · Filed Aug 4, 2014
Insider Transaction Report
Form 4
Chimahusky John S.
Senior VP and COO
Transactions
- Disposition to Issuer
Restricted Stock Units
2014-07-31$5.43/sh−86,472$469,543→ 0 totalExercise: $0.00→ Common Stock (86,472 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2014-07-31$0.77/sh−9,000$6,930→ 0 totalExercise: $4.66Exp: 2013-09-30→ Common Shares (9,000 underlying) - Disposition to Issuer
Common Stock
2014-07-31$5.43/sh−154,575$839,342→ 0 total
Footnotes (4)
- [F1]Expressed in Canadian dollars.
- [F2]Granted 10/7/10 and vested on 9/30/13.
- [F3]The options were cancelled by mutual agreement between the reporting person and Equal Energy Ltd. (the "Issuer"). As consideration for the cancellation of the options, the reporting person received the difference between the option exercise price and the $5.43 purchase price offered by Petroflow Energy Corporation ("Petroflow") in a transaction between Petroflow and the Issuer, wherein Petroflow acquired all outstanding shares of the Issuer.
- [F4]Represents dividend equivalent rights that accrued on unvested shares of restricted stock pursuant to the Equal Energy Ltd. Restricted Shares and Performance Share Incentive Plan (2010).