Baseline Oil & Gas Corp. 4
4 · Baseline Oil & Gas Corp. · Filed Mar 31, 2009
Insider Transaction Report
Form 4
MCDONALD RANDAL B JR/F
Controller
Transactions
- Award
Options
2008-04-28$0.50/sh+100,000$50,000→ 63,332 totalExercise: $0.50From: 2008-04-28Exp: 2013-04-22→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Based upon the closing price of the Issuer's common stock on the grant date, April 22, 2008.
- [F2]Represents option granted to the Reporting Person on April 22, 2008 to purchase up to 100,000 shares of the Issuer's common stock at an exercise price of $0.50 per share, which option vests with respect to 20%, or 20,000 underlying shares, at grant date and then, as to one-third (1/3rd) of the remaining shares of common stock underlying the option, on each of January 3, 2009, 2010 and 2011.
- [F3]Excludes unvested options at the March 31, 2009 filing date with respect to (i) 53,334 shares of common stock under the option grant referenced in note (2) above and (ii) 33,334 shares of common stock under an option previously granted to the Reporting Person on August 3, 2007, which options vest as to 1/2 of such remaining underlying shares on each of August 3, 2009 and August 3, 2010.