NIELSEN ARNE R 4
4 · VAALCO ENERGY INC /DE/ · Filed Jan 12, 2010
Insider Transaction Report
Form 4
NIELSEN ARNE R
Director
Transactions
- Exercise/Conversion
Common Stock
2010-01-08$3.85/sh+50,000$192,500→ 51,000 total - Tax Payment
Common Stock
2010-01-08$4.60/sh−41,848$192,501→ 9,152 total - Exercise/Conversion
No Qualified Stock Option (right to buy)
2010-01-08−50,000→ 0 totalExercise: $3.85Exp: 2010-01-12→ Common (50,000 underlying)
Footnotes (2)
- [F1]The Reporting Person exercised 50,000 non-statutory options, which options were otherwise due to expire on January 12,2010. The Reporting Person executed cashless exercise to effectuate the transaction. The cashless exercise resulted in a net gain of 8,152 shares of directly held common stock. To cover the cost of the options and associated taxes, the Issuer withheld 41,848 shares.
- [F2]The options vested 1/3 on each of 01/12/2005, 2006 and 2007