4//SEC Filing
MCCANN WALTER 4
Accession 0001181431-10-019992
CIK 0000061398other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 8:51 AM ET
Size
8.6 KB
Accession
0001181431-10-019992
Insider Transaction Report
Form 4
MCCANN WALTER
Director
Transactions
- Award
Non-qualified stock option (right to buy)
2010-04-01+75,000→ 175,000 totalExercise: $2.24Exp: 2020-04-01→ Common Stock (75,000 underlying) - Award
Common Stock (Restricted)
2010-04-01+37,500→ 111,868 total
Footnotes (5)
- [F1]On April 1, 2010, 37,500 restricted shares of the Company's common stock were awarded to the reporting person pursuant to the Company's 1998 Stock Incentive Plan. The restricted shares vest according to the following schedule: (1) one-third of the award (12,500 shares) vested immediately on April 1, 2010, (2) one-third of the award (12,500 shares) will vest on April 1, 2011 and (3) one-third of the award (12,500 shares) will vest on April 1, 2012.
- [F2]The fair market value of a share of the Company's common stock on the grant date, Aprl 1, 2010, was $2.24 per share, calculated in accordance with the terms of the Company's 1998 Stock Incentive Plan.
- [F3]Amount reported does not include beneficial ownership of the shares subject to stock options held by the reporting person which are reported in Table II.
- [F4]On April 1, 2010, the reporting person was awarded 75,000 non-qualified stock options pursuant to the Company's 1998 Stock Incentive Plan. The stock options have an exercise price of $2.24 per share and will expire on April 1, 2020. The stock options are also expressly conditioned upon the receipt of shareholder approval of the replenishment and amendment of the Company's 1998 Stock Incentive Plan, which shareholder approval will be sought later in 2010.
- [F5]The awarded stock options vest as follows: (1) one-third of the award (25,000 shares) will vest on April 1, 2011, (2) one-third of the award (25,000 shares) will vest on April 1, 2012, and (3) one-third of the award (25,000 shares) will vest on April 1, 2013.
Documents
Issuer
MAGELLAN PETROLEUM CORP /DE/
CIK 0000061398
Entity typeother
Related Parties
1- filerCIK 0001253007
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 8:51 AM ET
- Size
- 8.6 KB