Emery Rocky V. 4
4 · Rock Energy Resources, Inc. · Filed Jan 25, 2012
Insider Transaction Report
Form 4
Emery Rocky V.
DirectorSee Remarks10% Owner
Transactions
- Purchase
Common Stock
2012-01-19$0.16/sh+2,500,000$400,000→ 36,121,859 total - PurchaseSwap
Common Stock
2010-10-24$0.04/sh+13,955,525$558,221→ 23,621,859 total - Award
Common Stock
2011-08-15+10,000,000→ 33,621,859 total - Award
Stock Option
2009-05-20+2,500,000→ 2,500,000 totalExercise: $0.16From: 2008-05-20Exp: 2014-05-20→ Common Stock (2,500,000 underlying)
Footnotes (3)
- [F1]Reporting Person received common shares from the conversion of accrued and unpaid salary and fees of $558,221, due at date of conversion, at the conversion rate of $.04 per shares, based upon the average public market price during the 30-day period, May 22, 2010 through June 22, 2010, a transaction approved by the Board of Directors.
- [F2]Reporting Person received a grant of 10,000,000 restricted common shares upon his signing and acceptance of his employment agreement, dated August 15, 2011.
- [F3]On May 20, 2008, Reporting Person received a stock option grant pursuant to the Company's 2009 Stock Grant and Option Plan (the "Stock Option Plan"), approved by the Board of Directors; on January 19, 2012, Reporting Person exercised the stock option grant to acquire all 2,500,000 common shares, at the grant date exercise price of $.16 per shares, electing to pay the exercise price of $400,000 by applying a corresponding amount of back salary due him under his employment agreements, and as permitted by Section 5.4(f) of the Stock Option Plan.