VAALCO ENERGY INC /DE/ 4
4 · VAALCO ENERGY INC /DE/ · Filed Aug 14, 2014
Insider Transaction Report
Form 4
SCHEIRMAN W RUSSELL II
DirectorPresident
Transactions
- Exercise/Conversion
Common Stock
2014-08-12$4.28/sh+208,500$892,380→ 309,165 total - Tax Payment
Common Stock
2014-08-12$7.99/sh−150,412$1,201,792→ 158,753 total - Exercise/Conversion
Options
2014-08-12−208,500→ 0 totalExercise: $4.28Exp: 2015-03-03→ Common Stock (208,500 underlying)
Footnotes (2)
- [F1]The options vested 1/3 on each of 03/03/2010, 2011, 2012
- [F2]The Reporting Person exercised 208,500 non-statutory options. The Reporting Person executed a cashless exercise to effectuate the transaction. The cashless exercise resulted in a net gain of 58,088 shares of directly held common stock. To cover the cost of the options and associated taxes the Issuer withheld 150,412 shares.