4//SEC Filing
BPZ RESOURCES, INC. 4
Accession 0001179110-08-000429
CIK 0001023734operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 7:30 PM ET
Size
9.9 KB
Accession
0001179110-08-000429
Insider Transaction Report
Form 4
Zuniga-Rivero Fernando J
DirectorChairman
Transactions
- Award
Incentive Stock Option
2008-01-01+250,000→ 250,000 totalExercise: $11.88Exp: 2018-01-01→ Common Stock (250,000 underlying) - Award
Common Stock
2008-01-01+75,000→ 5,079,016 total - Other
Common Stock
2008-01-01+1,699,477→ 5,004,016 total
Footnotes (4)
- [F1]Represents distribution of the third traunche of earn-out shares, related to achieving the rights to the entitlement of production goal in accordance with the Merger Agreement dated July 8, 2004 by and between Navidec, Inc. and the Company.
- [F2]On January 1, 2008, the reporting person was granted 75,000 shares of Common Stock pursuant to the Company's 2007 Long-term Incentive Compensation Plan. The Grant cliff vests on the second anniversary of the date of grant.
- [F3]This amount includes 1,158,638 shares of Common Stock and 311,294 shares of Common Stock held in grantor retained annuity trusts.
- [F4]On January 1, 2008, the reporting person was granted 250,000 shares of Common Stock pursuant to the Company's 2007 Long-Term Incentive Compensation Plan. The exercise price of the Common Stock covered by the Option is $11.88 per share. The Option vests in three equal installments of 83,333 shares over the succeeding three anniversaries of the date of grant. Generally, the unexercised portion of the option shall expire and cease to be exercisable on the tenth anniversary of the date of grant.
Documents
Issuer
BPZ RESOURCES, INC.
CIK 0001023734
Entity typeoperating
IncorporatedTX
Related Parties
1- filerCIK 0001023734
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 7:30 PM ET
- Size
- 9.9 KB