Puckett L H 4
4 · Verso Paper Corp. · Filed May 3, 2012
Insider Transaction Report
Form 4
Puckett L H
Director
Transactions
- Exercise of In-Money
Units
2012-05-02−23,190→ 0 totalExercise: $0.00→ Common Stock (23,190 underlying) - Exercise of In-Money
Common Stock
2012-05-02+181,188→ 197,854 total
Footnotes (3)
- [F1]The reporting person owns units representing a limited partner interest in Verso Paper Management LP. Each vested unit in Verso Paper Management LP may be exchanged, subject to certain restrictions, for one share of common stock of Verso Paper Corp. owned by Verso Paper Management LP.
- [F2]94,200 of the units exchanged by the reporting person in the transaction reported on this Form 4 became exchangeable on November 1, 2006; 28,974 of the units exchanged by the reporting person in the transaction reported on this Form 4 became exchangeable on November 20, 2006; 57,947 of the units exchanged by the reporting person in the transaction reported on this Form 4 became exchangeable on May 14, 2008; and 67 units exchanged by the reporting person in the transaction reported on this Form 4 were received involuntarily by the reporting person in a pro rata reallocation of forfeited units pursuant to the limited partnership agreement of Verso Paper Management LP.
- [F3]The right to exchange units does not expire.