CANWEST PETROLEUM CORP 4
4 · CANWEST PETROLEUM CORP · Filed Jul 7, 2006
Insider Transaction Report
Form 4
Wilson T Murray
DirectorExecutive Chairman
Transactions
- Purchase
Common Stock
2006-07-05$5.95/sh+16,800$99,960→ 16,800 total
Holdings
- 4,000,000
Stock Options
Exercise: $6.75From: 2006-05-01Exp: 2013-05-01→ Common Stock (4,000,000 underlying)
Footnotes (2)
- [F1]Stock options vesting at a rate of 1,000,000 shares immediately; 1,000,000 shares upon attaining certain reorganization goals of the Company; 1,000,000 shares on May 1, 2007, and 1,000,000 shares on May 1, 2008. All options are exercisable for 5 years after vesting. This transaction is exempt from Section 16(b) reporting requirements pursuant to Rule 16b-3(d).
- [F2]Shares were purchased in the Company's flow-through share private placement that closed on July 5, 2006 for $6.60 Cdn ($5.95 U.S.) per share.