TIPPERARY CORP|4Apr 27, 6:28 PM ET

ANCELL KENNETH L 4

4 · TIPPERARY CORP · Filed Apr 27, 2005

Form 4

Period: 2005-04-26

DirectorExecutive Vice President

Transactions

Award
TPY Warrants
2005-04-26−50,000→ 50,000 total
Exercise: $4.95From: 2005-04-26→ Common Stock (50,000 underlying)

Holdings

TPY Warrants
Exercise: $1.50From: 1999-09-24→ Common Stock (200,000 underlying)
200,000
TPY Warrants
Exercise: $4.25From: 1997-08-26→ Common Stock (15,000 underlying)
15,000
TPY Warrants
Exercise: $1.81From: 2003-02-03→ Common Stock (10,000 underlying)
10,000
TPY Common Stock, $.02 par value
9,158
TPY Warrants
Exercise: $4.31From: 1996-07-11→ Common Stock (50,000 underlying)
50,000

Footnotes (6)

[F1]The warrants became exercisable as follows: 16,667 warrants on July 11, 1997; 16,667 warrants on July 11, 1998; and 16,666 warrants on July 11, 1999.
[F2]Warrants expire two years following termination of employment
[F3]The warrants became exercisable as follows: 5,000 warrants on August 26, 1998; 5,000 warrants on August 26, 1999; and 5,000 warrants on August 26, 2000.
[F4]The warrants became exercisable as follows: 66,667 warrants on September 24, 2000; 66,667 warrants on September 24, 2001; and 66,666 warrants on September 24, 2002.
[F5]The warrants became and will become exercisable as follows: 3,334 warrants on February 3, 2004; 3,333 warrants on February 3, 2005; and 3,333 warrants on February 3, 2006.
[F6]The warrants become exercisable as follows: 16,667 warrants on January 10, 2006; 16,667 warrants on January 10, 2007; and 16,666 warrants on January 10, 2008.

Documents

1 file