VAALCO ENERGY INC /DE/ 4
4 · VAALCO ENERGY INC /DE/ · Filed Oct 9, 2013
Insider Transaction Report
Form 4
SCHEIRMAN W RUSSELL II
DirectorPresident
Transactions
- Tax Payment
Common Stock
2013-10-07$5.55/sh−139,765$775,696→ 100,665 total - Exercise/Conversion
Options
2013-10-07−162,400→ 0 totalExercise: $4.24Exp: 2013-10-10→ Common Stock (162,400 underlying) - Exercise/Conversion
Common Stock
2013-10-07$4.24/sh+162,400$688,576→ 240,431 total
Footnotes (2)
- [F1]The Reporting Person exercised 162,400 non-statutory options. The Reporting person executed a cashless exercise to effectuate the transaction. The cashless exercise resulted in a net gain of 22,635 shares of directly held common stock. To cover the cost of the options and associated taxes the Issuer withheld 139,765 shares.
- [F2]The options vested 1/3 on each of 04/10/2009, 2010 and 2011