Covington Richard L 4
4 · Resolute Energy Corp · Filed Mar 12, 2012
Insider Transaction Report
Form 4
Covington Richard L
Director
Transactions
- Award
Stock Appreciation Right
2012-03-08+3,724→ 3,724 totalExercise: $10.05→ Common Stock (3,724 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 8, 2012 ("Grant Agreement").
- [F2]Pursuant to the Grant Agreement, 1,242 shares vest and are deemed exercised on March 8, 2013, and 1,241 shares vest and are deemed exercised on each of March 8, 2014 and 2015. 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.