SPINNAKER EXPLORATION CO 4
4 · SPINNAKER EXPLORATION CO · Filed Dec 15, 2005
Insider Transaction Report
Form 4
GRIFFITHS SCOTT A
EVP, Chief Operating Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-12-13$31.45/sh−15,000$471,750→ 0 totalExercise: $34.05Exp: 2012-05-06→ Common Stock (15,000 underlying) - Disposition to Issuer
Common Stock
2005-12-13$65.50/sh−5,000$327,500→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2005-12-13$28.42/sh−20,000$568,400→ 0 totalExercise: $37.08Exp: 2009-02-13→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock
2005-12-13$65.50/sh−1,166$76,373→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-12-13$42.61/sh−125,000$5,326,250→ 0 totalExercise: $22.89Exp: 2008-05-06→ Common Stock (125,000 underlying)
Footnotes (5)
- [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 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 $5,326,250.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
- [F3]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 $5,462,500.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
- [F4]Options vested 20% on February 13, 2004, 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 $568,400.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
- [F5]Options vested 20% on May 6, 2005, the grant date, and were canceled in the merger in exchange for a cash payment of $471,750.00, representing the difference between the exercise price of the option and merger consideration of $65.50.