CRADDICK TOM 4
4 · MEXCO ENERGY CORP · Filed Mar 12, 2010
Insider Transaction Report
Form 4
CRADDICK TOM
Director
Transactions
- Sale
MXC Common Stock
2010-03-11$8.75/sh−260$2,275→ 29,740 total - Exercise/Conversion
MXC Common Stock
2010-03-12$5.25/sh+10,000$52,500→ 10,000 totalExercise: $5.25From: 2001-03-21Exp: 2010-03-21→ MXC Common Stock (10,000 underlying) - Exercise/Conversion
MXC Common Stock
2010-03-12$5.25/sh+10,000$52,500→ 29,740 total - Sale
MXC Common Stock
2010-03-12$8.75/sh−1,740$15,225→ 28,000 total
Footnotes (3)
- [F1]Mr. Craddick was awarded an option to acquire 10,000 shares of the Registrant's common stock (par value $0.50) at $5.25 per share on March 21, 2000. Options vest at a rate of 25% per year for the first four years so that the option to purchase all 10,000 shares fully vested on March 21, 2004 and are included in the total of number of shares reported to be owned by Mr. Craddick since the option has been exercised on this date.
- [F2]Direct beneficial holdings after the sale total 28,000 shares which include vested options to acquire 10,000 shares of the Registrant's common stock (par value $0.50) at $4.00 per share.
- [F3]These 10,000 shares are vested options and can be acquired at $4.00 per share.