Spies Richard James 4
4 · BPZ RESOURCES, INC. · Filed Mar 3, 2011
Insider Transaction Report
Form 4
Spies Richard James
Chief Operating Officer
Transactions
- Award
Common Stock
2011-03-01+6,103→ 46,103 total - Award
Incentive Stock Option
2011-03-01+18,310→ 18,310 totalExercise: $6.42Exp: 2021-03-01→ Common Stock (18,310 underlying)
Footnotes (2)
- [F1]The Company granted Mr.Spies 6,103 shares of restricted stock under the BPZ Energy, Inc. 2007 Long-Term Incentive Compensation Plan. The restricted stock will vest on the second anniversary of the grant date, March 1, 2011.
- [F2]The Company granted to Mr.Spies the option to purchase 18,310 shares of the Company's Common Stock on March 1, 2011 pursuant to its 2007 Long-Term Incentive Compensation Plan. The award exercise price is based on the date the Company's Board of Directors approved the award, March 1, 2011. 6,103 of the stock options vest on the first and second anniversary of the date of grant and the remaining 6, 104 stock options vest on the third anniversary of the date of grant.