SCHEIRMAN W RUSSELL II 4
4 · VAALCO ENERGY INC /DE/ · Filed Dec 6, 2010
Insider Transaction Report
Form 4
SCHEIRMAN W RUSSELL II
DirectorPresident
Transactions
- Tax Payment
Common Stock
2010-12-02$7.97/sh−107,142$853,922→ 78,031 total - Exercise/Conversion
Options
2010-12-02−150,000→ 162,400 totalExercise: $4.24Exp: 2013-10-10→ Common Stock (150,000 underlying) - Exercise/Conversion
Common Stock
2010-12-02$4.24/sh+150,000$636,000→ 185,173 total
Footnotes (2)
- [F1]The Reporting Person exercised 150,000 non-statutory options. The Reporting Person executed a cashless exercise to effectuate the transaction. The cashless exercise resulted in a net gain of 42,858 shares of directly held common stock. To cover the cost of the options and associated taxes the Issuer witheld 107,142 shares.
- [F2]The options vested 1/3 on each of 12/12/2009, 2010 and 2011.