Manoushagian Ralph P. 4
4 · Approach Resources Inc · Filed Mar 14, 2012
Insider Transaction Report
Form 4
Manoushagian Ralph P.
EVP - Land
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2012-03-13$3.33/sh+28,845$96,054→ 273,418 total - Sale
Common Stock, par value $0.01 per share
2012-03-13$35.83/sh−7,477$267,901→ 265,941 total - Sale
Common Stock, par value $0.01 per share
2012-03-13$36.18/sh−100$3,618→ 265,841 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2012-03-13−28,845→ 0 totalExercise: $3.33Exp: 2013-01-01→ Common Stock, par value $0.01 per share (28,845 underlying)
Footnotes (4)
- [F1]Exercise of employee stock options granted under the 2003 Stock Option Plan.
- [F2]Sale of shares to pay the exercise price of the employee stock options and satisfy the reporting person's tax withholding obligations.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.16 to $36.15, inclusive. The reporting person undertakes to provide to Approach Resources Inc. ("Approach"), any security holder of Approach, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The options vested in equal amounts on each of August 16, 2004, January 1, 2005 and January 1, 2006.