4//SEC Filing
SPINNAKER EXPLORATION CO 4
Accession 0001181431-05-067018
CIK 0001089697operating
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 4:24 PM ET
Size
18.8 KB
Accession
0001181431-05-067018
Insider Transaction Report
Form 4
WILEY MICHAEL E
Director
Transactions
- Disposition to Issuer
Common Stock
2005-12-13$65.50/sh−2,000$131,000→ 0 total - Disposition to Issuer
Director Stock Option (right to buy)
2005-12-13$42.61/sh−10,000$426,100→ 0 totalExercise: $22.89Exp: 2008-05-06→ Common Stock (10,000 underlying) - Disposition to Issuer
Director Stock Option (right to buy)
2005-12-13$24.77/sh−1,200$29,724→ 0 totalExercise: $40.73Exp: 2011-05-10→ Common Stock (1,200 underlying) - Disposition to Issuer
Director Stock Option (right to buy)
2005-12-13$23.44/sh−2,500$58,600→ 0 totalExercise: $42.06Exp: 2012-05-07→ Common Stock (2,500 underlying) - Disposition to Issuer
Director Stock Option (right to buy)
2005-12-13$24.77/sh−20,000$495,400→ 0 totalExercise: $40.73Exp: 2011-05-11→ Common Stock (20,000 underlying) - Disposition to Issuer
Director Stock Option (right to buy)
2005-12-13$42.61/sh−5,000$213,050→ 0 totalExercise: $22.89Exp: 2008-05-06→ Common Stock (5,000 underlying) - Disposition to Issuer
Director Stock Option (right to buy)
2005-12-13$29.90/sh−3,500$104,650→ 0 totalExercise: $35.60Exp: 2009-05-05→ Common Stock (3,500 underlying)
Footnotes (7)
- [F1]The shares were disposed of pursuant to the merger agreement between the issuer and Norsk Hydro ASA in exchange for merger consideration of $65.50 per share.
- [F2]Options became 100% vested on May 10, 2005 and were canceled in the merger in exchange for a cash payment of $495,500.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
- [F3]Options were 100% vested on May 10, 2001 and were canceled in the merger in exchange for a cash payment of $29,730.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
- [F4]Options vested 20% on May 7, 2002, the grant date, and vested in 20% increments on each anniversary of the grant date and were canceled in the merger in exchange for a cash payment of $58,600.00, representing the difference between the exercise price of the option and merger consideration of $65.50
- [F5]Options vested 20% on May 6, 2003, the grant date, and vested in 20% increments on each anniversary of the grant date and were canceled in the merger in exchange for a cash payment of $426,100.00, representing the difference between the exercise price of the option and merger consideration of $65.50
- [F6]Options were 100% vested on May 6, 2003 and were canceled in the merger in exchange for a cash payment of $213,050.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
- [F7]Options were 100% vested on May 5, 2004 and were canceled in the merger in exchange for a cash payment of $104,650.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
Documents
Issuer
SPINNAKER EXPLORATION CO
CIK 0001089697
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001089697
Filing Metadata
- Form type
- 4
- Filed
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 4:24 PM ET
- Size
- 18.8 KB