VAALCO ENERGY INC /DE/ 4
4 · VAALCO ENERGY INC /DE/ · Filed Aug 18, 2014
Insider Transaction Report
Form 4
Hullinger Gregory R
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2014-08-15$8.25/sh−80,729$666,014→ 32,771 total - Exercise/Conversion
Common Stock
2014-08-15$4.28/sh+113,500$485,780→ 113,500 total - Exercise/Conversion
Non Qualified Stock Option (Right to Buy)
2014-08-15−113,500→ 0 totalExercise: $4.28Exp: 2015-03-03→ Common Stock (113,500 underlying)
Footnotes (2)
- [F1]The options vested 1/3 on each of 03/03/2010, 2011, 2012
- [F2]The Reporting Person exercised 113,500 non-statutory options. The Reporting Person executed a cashless exercise to effectuate the transaction. The cashless exercise resulted in a net gain of 32,771 shares of directly held common stock. To cover the cost of the options and associated taxes the Issurer withheld 80,729 shares.