Potts Kari Arneil 4
4 · BRIGHAM EXPLORATION CO · Filed Dec 12, 2011
Insider Transaction Report
Form 4
Potts Kari Arneil
General Counsel and Secretary
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2011-12-08$21.59/sh−25,000$539,875→ 0 totalExercise: $14.90From: 2011-07-01Exp: 2020-07-01→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]The option was scheduled to vest in five equal annual installments beginning on July 1, 2011. The option fully vested immediately prior to the expiration of the tender offer by Statoil ASA's acquisition subsidiary for all of the outstanding common stock of the issuer.
- [F2]The option was cancelled in connection with the merger of the issuer with the acquisition subsidiary of Statoil ASA. The reporting person received $539,875 as consideration for the cancellation.