McFarland J C 4
4 · Venoco, Inc. · Filed Oct 5, 2012
Insider Transaction Report
Form 4
McFarland J C
Director
Transactions
- Disposition to Issuer
Common Stock
2012-10-03$12.50/sh−39,830$497,875→ 6,568 total - Disposition to Issuer
Common Stock
2012-10-03$12.50/sh−6,568$82,100→ 0 total - Disposition to Issuer
Stock Option Right to Buy
2012-10-03$1.83/sh−45,000$82,350→ 0 totalExercise: $10.67From: 2009-08-26Exp: 2015-08-26→ Common Stock (45,000 underlying)
Footnotes (2)
- [F1]As a result of the merger of a wholly owned subsidiary of Denver Parent Corporation, a corporation wholly owned by the issuer's Executive Chairman and former CEO (the "Merger"), the reporting person ceased to be a director of the issuer and therefore, the restricted stock was cancelled.
- [F2]Disposed of pursuant and subject to the terms of the Merger Agreement. The 45,000 options were converted in connection with the Merger into the right to receive an amount, per share, equal to the merger consideration ($12.50 per share) minus the exercise price ($10.67).