Grinsfelder Gary 4
4 · ROYALE ENERGY INC · Filed Apr 1, 2011
Insider Transaction Report
Form 4
Grinsfelder Gary
Director
Transactions
- Exercise/Conversion
Common Stock
2011-03-23$3.50/sh+18,440$64,540→ 26,106 total - Exercise/Conversion
Stock Options
2011-03-23−45,000→ 55,000 totalExercise: $3.50Exp: 2011-03-31→ Common Stock (45,000 underlying)
Footnotes (3)
- [F1]45,000 options to purchase common stock were exercised in a cashless exercise, in exchange for 18,440 shares of common stock.
- [F2]15,000 options became exercisable on March 31 2008, 15,000 options became exercisable on March 31, 2009, and 15,000 options became exerxcisable on March 31, 2010.
- [F3]The options were originally granted as compensation for service on the board of directors of the Issuer.