Brazelton Frederick W 4
4 · VAALCO ENERGY INC /DE/ · Filed Dec 7, 2010
Insider Transaction Report
Form 4
Brazelton Frederick W
Director
Transactions
- Exercise/Conversion
Common Stock
2010-12-03$4.24/sh+80,000$339,200→ 90,000 total - Tax Payment
Common Stock
2010-12-03$7.95/sh−42,667$339,203→ 47,333 total - Exercise/Conversion
Non Qualified Stock Options (right to buy)
2010-12-02−80,000→ 0 totalExercise: $4.24From: 2008-10-10Exp: 2013-10-10→ Common Stock (80,000 underlying)
Footnotes (1)
- [F1]The Reporting Person exercised 80,000 non-statutory options. The Reporting person executed a cashless exercise to effectuate the transaction. The cashless exercise resulted in a net gain of 37,333 shares of directly held common stock. To cover the cost of the options and associated taxes the Issurer withheld 42,667 shares.