Caminos Edward G 4
4 · BPZ RESOURCES, INC. · Filed Jul 1, 2009
Insider Transaction Report
Form 4
Transactions
- Award
Incentive Stock Option
2009-07-01+54,550→ 54,550 totalExercise: $5.27Exp: 2019-07-01→ Common Stock (54,550 underlying) - Award
Common Sotck
2009-07-01+18,200→ 393,200 total
Footnotes (3)
- [F1]On July 1, 2009, the reporting person was granted 18,200 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.
- [F2]On July 1, 2009, the reporting person was granted an option to purchase 54,550 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 $5.27 per share. The Option vests in two equal annual installments of 18,183 shares and one installment of 18,184 shares over the succeeding three anniversaries of the date of grant. The unexercised portion of the option shall expire and cease to be exercisable on July 1, 2019.
- [F3]The exercise price is based on the closing market price on the date of Board approval of the grant, June 26, 2009.