Groen Dirk J. H. 4
4 · La Cortez Energy, Inc. · Filed Mar 26, 2012
Insider Transaction Report
Form 4
Groen Dirk J. H.
Director10% Owner
Transactions
- Award
Stock Option (right to buy)
2011-12-13+100,000→ 100,000 totalExercise: $0.13Exp: 2021-08-17→ Common Stock (100,000 underlying) - Other
Stock Option (right to buy)
2011-11-17−33,334→ 0 total(indirect: See Footnote)→ Common Stock (33,334 underlying)
Holdings
- 13,142,962(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]Owned by Avante Petroleum S.A, of which Mr. Groen is Chief Executive Officer. Mr. Groen disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
- [F2]Granted under the Company's 2008 Equity Incentive Plan. Vests in three equal installments on each of the first, second and third anniversaries of December 13, 2011, contingent upon continuous service.
- [F3]Stock options granted under the Company's 2008 Equity Incentive Plan, which had vested with respect to 33,334 shares, and have expired unexercised 3 months after Alexander Berger's resignation from the Company's Board of Directors.
- [F4]Stock options granted under the Company's 2008 Equity Incentive Plan to former director Alexander Berger and beneficially owned by Oranje-Nassau Energie B.V. ("O-NE"). Avante Petroleum SA is an affiliate of O-NE and may be deemed to beneficially own the securities beneficially owned by O-NE. Mr. Groen disclaims beneficial ownership of these options and the common stock issuable upon exercise thereof, except to the extent of his pecuniary interest therein.