Covington Richard L 4
4 · Resolute Energy Corp · Filed Mar 15, 2011
Insider Transaction Report
Form 4
Covington Richard L
Director
Transactions
- Award
Stock Appreciation Right
2011-03-11+4,032→ 4,032 totalExercise: $17.45→ Common Stock (4,032 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 March 11, 2011 ("Grant Agreement").
- [F2]Pursuant to the Grant Agreement, 1,344 shares vest and are deemed exercised on each of March 11, 2012, 2013 and 2014. 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.