HOUSTON AMERICAN ENERGY CORP 4
4 · HOUSTON AMERICAN ENERGY CORP · Filed Jun 9, 2016
Insider Transaction Report
Form 4
JAGEMAN ROY W
Director
Transactions
- Award
Stock Option (Right to Buy)
2016-06-07+150,000→ 150,000 totalExercise: $0.22From: 2017-06-07Exp: 2026-06-07→ Common Stock (150,000 underlying) - Award
Stock Option (Right to Buy)
2016-06-07+50,000→ 50,000 totalExercise: $0.22From: 2016-12-07Exp: 2026-06-07→ Common Stock (50,000 underlying)
Holdings
- 8,333
Stock Option (Right to Buy)
Exercise: $0.22From: 2015-10-23Exp: 2025-04-23→ Common Stock (8,333 underlying) - 10,000
Stock Option (Right to Buy)
Exercise: $0.20From: 2016-09-15Exp: 2026-03-15→ Common Stock (10,000 underlying) - 50,000
Stock Option (Right to Buy)
Exercise: $0.20From: 2015-12-09Exp: 2025-06-09→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The options were granted on June 7, 2016 and are exercisable six months from the date of grant, subject to vesting. The options vest 20% on the date of grant and 80% nine months from the grant date.
- [F2]The options were granted on June 7, 2016 and are exercisable six months from the date of grant, subject to vesting. The options vest (a) 50% on the earlier of (i) June 7, 2017, or (ii) the day prior to the next annual shareholders' meeting, and (b) 50% on the earlier of (ii) June 7, 2018, or (ii) the day prior to the second annual shareholders' meeting following the grant date; provided that (c) all unvested options will vest upon completion of a transaction(s) involving the issuance of equity securities providing not less than $2 million of additional shareholders' equity.