MISSION RESOURCES CORP 4
4 · MISSION RESOURCES CORP · Filed Jul 29, 2005
Insider Transaction Report
Form 4
Picquet William R
SVP, Operations & Engineering
Transactions
- Disposition to Issuer
Option (right to buy)
2005-07-28−250,000→ 0 totalExercise: $7.14From: 2005-03-14Exp: 2015-03-14→ Common Stock (250,000 underlying)
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger dated as of April 3, 2005, as amended, by and among Petrohawk Energy Corporation, Petrohawk Acquisition Corporation and Mission Resources Corporation, at the effective time of the merger contemplated therein, each Mission stock option that is outstanding and unexercised immediately prior to the effective time of the merger was converted automatically into a fully vested option to purchase Petrohawk common stock. The number of shares of Petrohawk common stock subject to the Petrohawk stock option is equal to the product of the number of shares of Mission common stock subject to the Mission stock option and the exchange ratio of 0.7641, rounded to the nearest whole share. The exercise per share of Petrohawk common stock subject to the new Petrohawk stock option is equal to the exercise price per share of Mission common stock under the Mission stock option divided by the exchange ratio, rounded up to the nearest whole cent.