4//SEC Filing
SNELL ROBERT M 4
Accession 0001181431-05-067021
CIK 0001089697other
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 4:25 PM ET
Size
18.2 KB
Accession
0001181431-05-067021
Insider Transaction Report
Form 4
SNELL ROBERT M
VP, CFO and Secretary
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2005-12-13$31.45/sh−10,000$314,500→ 0 totalExercise: $34.05Exp: 2012-05-06→ Common Stock (10,000 underlying) - Disposition to Issuer
Common Stock
2005-12-13$65.50/sh−1,766$115,673→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-12-13$27.77/sh−20,000$555,400→ 0 totalExercise: $37.73Exp: 2012-02-12→ Common Stock (20,000 underlying) - Disposition to Issuer
Common Stock
2005-12-13$65.50/sh−2,000$131,000→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2005-12-13$38.63/sh−250,000$9,657,500→ 0 totalExercise: $26.88Exp: 2010-12-07→ Common Stock (250,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2005-12-13$42.61/sh−30,000$1,278,300→ 0 totalExercise: $22.89Exp: 2008-05-06→ Common Stock (30,000 underlying)
Footnotes (6)
- [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 December 7, 2004 and were canceled in the merger in exchange for a cash payment of $9,656,250.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
- [F3]Options vested 20% on February 12, 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 $555,400.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
- [F4]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 $1,278,300.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
- [F5]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.
- [F6]Options vested 20% on May 6, 2005, the grant date, and were canceled in the merger in exchange for a cash payment of $314,500.00, representing the difference between the exercise price of the option and merger consideration of $65.50.
Documents
Issuer
SPINNAKER EXPLORATION CO
CIK 0001089697
Entity typeother
Related Parties
1- filerCIK 0001191514
Filing Metadata
- Form type
- 4
- Filed
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 4:25 PM ET
- Size
- 18.2 KB