Lendrum John J III 4
4 · BPZ RESOURCES, INC. · Filed Jun 30, 2010
Insider Transaction Report
Form 4
Lendrum John J III
Director
Transactions
- Award
Incentive Stock Option
2010-07-01+50,000→ 50,000 totalExercise: $4.80Exp: 2015-07-01→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]On July 1, 2010, the reporting person was granted an option to purchase 50,000 shares of Common Stock pursuant to the 2007 Directors' Compensation Incentive Plan. The exercise price of the Common Stock covered by the Option is $4.80 per share. The Option vests in two equal annual installments of 25,000 over the next two anniversaries of the date of grant. The unexercised portion of the option shall expire and cease to be exercisable on July 1, 2015.
- [F2]The exercise price is based on the closing market price on the date of Board approval of the grant, June 25, 2010.