Briens Frederic 4
4 · BPZ RESOURCES, INC. · Filed Jun 30, 2010
Insider Transaction Report
Form 4
Briens Frederic
Chief of Strategy
Transactions
- Award
Common Stock
2010-07-01+6,600→ 718,428 total - Award
Incentive Stock Option
2010-07-01+19,860→ 19,860 totalExercise: $4.80Exp: 2020-07-01→ Common Sotck (19,860 underlying)
Footnotes (4)
- [F1]The exercise price is based on the closing market price on the date of Board approval of the grant, June 25, 2010.
- [F2]On July 1, 2010, the reporting person was granted 6,600 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]On July 1, 2010, the reporting person was granted an option to purchase 19,860 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 $4.80 per share. The option vests in three equal annual installments of 6,620 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, 2020.
- [F4]The shares awarded are subject to the approval of the amendment of the Company's 2007 Long-Term Incentive Compensation Plan during the 2010 Annual Meeting of Shareholders to allow for an additional amount of securities to be made available for incentive awards