Covington Richard L 4
4 · Resolute Energy Corp · Filed May 11, 2010
Insider Transaction Report
Form 4
Covington Richard L
Director
Transactions
- Award
Stock Appreciation Right
2010-05-07+1,373→ 1,373 totalExercise: $12.40→ Common Stock (1,373 underlying)
Footnotes (3)
- [F1]Represents Stock Appreciation Right ("SAR") granted to the reporting person pursuant to the Issuer's 2009 Performance Incentive Plan and the SAR Grant Agreement dated May 7, 2010 ("Grant Agreement").
- [F2]Pursuant to the Grant Agreement, 457 shares vest and are deemed exercised on March 16, 2011 and 458 shares vest and are deemed exercised on each of March 16, 2012 and 2013. All SAR exercises will be settled in cash.
- [F3]Each SAR will terminate and may no longer be exercised upon the earlier to occur of (i) discontinuance of the reporting person's services or (ii) deemed exercise of the SAR pursuant to the SAR Grant Agreement.