Selser John Michael SR 4
4 · GASTAR EXPLORATION LTD · Filed Jan 31, 2013
Insider Transaction Report
Form 4
Selser John Michael SR
Director
Transactions
- Tax Payment
Restricted Shares
2013-01-30$1.16/sh−2,112$2,450→ 90,554 total - Award
Bonus Stock Award (restricted share grant)
2013-01-30$1.16/sh+64,655$75,000→ 155,209 total
Footnotes (3)
- [F1]Shares forfeited to meet tax obligation of restricted share vesting.
- [F2]In December 2010, the reporting person gifted 6,600 restricted shares to his minor children in trust for which the reporting person acts as the trustee as follows: John M. Selser, Jr. Trust - 3,300 shares; Eugenie Gardner Selser Trust - 3,300 shares. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for the purposes of Section 16 or for any other purpose.
- [F3]The bonus stock award vests in three equal annual installments beginning on 1/30/2014.