4//SEC Filing
BASSO DONALD V 4
Accession 0001181431-10-060733
CIK 0000061398other
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 2:38 PM ET
Size
6.3 KB
Accession
0001181431-10-060733
Insider Transaction Report
Form 4
BASSO DONALD V
Director
Transactions
- Award
Common Stock
2010-12-08+15,000→ 62,900 total
Footnotes (3)
- [F1]On December 8, 2010, the date of the Company's annual shareholder meeting, 15,000 shares of the Company's common stock were awarded to the reporting person under Section 9 of the Company's 1998 Stock Incentive Plan ("Plan"), pursuant to the terms of the Company's non-employee director compensation policy ("Policy"). The Policy provides for an annual stock award with a value equal to $35,000 to be made to each non-employee director on either July 1st or the date of the annual shareholder meeting held during each Company fiscal year, subject to a cap of 15,000 shares (the difference in value between the shares and $35,000 to be paid in cash). Consistent with the terms of the Policy, the number of shares awarded on December 8, 2010 was limited to the number of shares the reporting person was entitled to receive under the Plan as of July 1, 2010 since, as of that date, there was an insufficient number of shares available under the Plan to make the annual awards to each eligible director.
- [F2]The fair market value of a share of the Company's common stock on July 1, 2010 was $1.83, calculated in accordance with the terms of the Plan.
- [F3]Amount reported does not include beneficial ownership of the shares subject to stock options held by the reporting person which have previously been reported in Table II.
Documents
Issuer
MAGELLAN PETROLEUM CORP /DE/
CIK 0000061398
Entity typeother
Related Parties
1- filerCIK 0001253004
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 2:38 PM ET
- Size
- 6.3 KB