4//SEC Filing
RANCHER ENERGY CORP. 4
Accession 0001144204-07-065707
CIK 0001287900operating
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 4:25 PM ET
Size
13.1 KB
Accession
0001144204-07-065707
Insider Transaction Report
Form 4
Works John
DirectorPresident and CEO
Transactions
- Exercise of In-Money
Stock Option (Right to Buy)
2007-11-30−250,000→ 1,500,000 total→ Common Stock, $0.00001 par value (250,000 underlying) - Purchase
Common Stock, $0.00001 Par Value
2007-11-30+250,000→ 2,500,000 total - Gift
Common Stock, $0.00001 Par Value
2007-11-30−25,000→ 2,500,000 total - Gift
Common Stock, $0.00001 Par Value
2007-11-30−50,000→ 2,450,000 total
Footnotes (6)
- [F1]Securities were acquired at a price of $0.00001 per share, and the exercise price of the stock option is $0.00001 per share.
- [F2]Includes 50,000 shares indirectly beneficially owned by the Reporting Person as custodian for his sons resulting from gifts made to his sons pursuant to the Colorado Uniform Transfers to Minors Act prior to the date of this filing.
- [F3]Represents a transfer of shares to son under the Colorado Uniform Transfers to Minors Act.
- [F4]Includes 100,000 shares indirectly beneficially owned by the Reporting Person as custodian for his sons resulting from gifts made to his sons pursuant to the Colorado Uniform Transfers to Minors Act through the date of this filing.
- [F5]The right to buy shares is governed by the employment agreement between Mr. Works and the Company and vest as follows: 1,000,000 shares upon the execution of the agreement, 1,000,000 shares from June 1, 2006 to May 31, 2007 at the rate of 250,000 shares per completed quarter of service, 1,000,000 shares from June 1, 2007 to May 31, 2008 at the rate of 250,000 shares per completed quarter of service and 1,000,000 shares from June 1, 2008 to May 31, 2009 at the rate of 250,000 shares per completed quarter of service.
- [F6]Expiration of the stock options is governed by the employment agreement which states that in the event of termination for cause, Mr. Works will be entitled to purchase any shares that have vested but will forfeit any right or interest in any shares not yet vested. In the event of Mr. Works' death, the legal representative shall have the right, up to one year, to purchase the shares that have vested.
Documents
Issuer
RANCHER ENERGY CORP.
CIK 0001287900
Entity typeoperating
IncorporatedCO
Related Parties
1- filerCIK 0001287900
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 4:25 PM ET
- Size
- 13.1 KB