Zuniga Pflucker Manuel Pablo 4
4 · BPZ RESOURCES, INC. · Filed Jun 30, 2010
Insider Transaction Report
Form 4
Zuniga Pflucker Manuel Pablo
DirectorPresident & CEO
Transactions
- Award
Common Stock
2010-07-01+44,400→ 5,080,366 total - Award
Incentive Stock Option
2010-07-01+133,200→ 133,200 totalExercise: $4.80Exp: 2020-07-01→ Common Sotck (133,200 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 44,400 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 133,200 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 44,400 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