4//SEC Filing
MCCANN WALTER 4
Accession 0001181431-10-062218
CIK 0000061398other
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 4:04 PM ET
Size
6.3 KB
Accession
0001181431-10-062218
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)
Footnotes (2)
- [F1]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 award of the stock options was expressly conditioned upon the receipt of shareholder approval of the replenishment and amendment of the Company's 1998 Stock Incentive Plan, which shareholder approval was obtained on December 8, 2010. The award of the stock options was previously reported by the reporting person on a Form 4 filed on April 5, 2010.
- [F2]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
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 4:04 PM ET
- Size
- 6.3 KB