Anderson Terry L 4
4 · Venoco, Inc. · Filed Oct 5, 2012
Insider Transaction Report
Form 4
Anderson Terry L
General Counsel
Transactions
- Disposition to Issuer
Stock Option Right to Buy
2012-10-03$6.50/sh−77,500$503,750→ 0 totalExercise: $6.00From: 2005-03-01Exp: 2015-03-01→ Common Stock (77,500 underlying) - Disposition to Issuer
Common Stock
2012-10-03$12.50/sh−123,544$1,544,300→ 0 total
Footnotes (2)
- [F1]Immediately prior to the effective time of the merger of a wholly owned subsidiary of Denver Parent Corporation ("Parent"), a corporation wholly owned by the issuer's Executive Chairman and former CEO (the "Merger"), each award of the issuer's restricted common stock was converted into an obligation of Parent to pay (or cause to be paid), and a right of the holder of restricted shares to receive with respect to each restricted share, the Merger consideration ($12.50 per share) at the time or times such restricted share would otherwise vest according to its terms in effect as of immediately prior to the effective time of the Merger, pursuant and subject to the terms of the Merger Agreement.
- [F2]Disposed of pursuant to the Merger Agreement. The 77,500 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 ($6.00).