VAALCO ENERGY INC /DE/ 4/A
4/A · VAALCO ENERGY INC /DE/ · Filed Jan 23, 2015
Insider Transaction Report
Form 4/AAmended
SCHEIRMAN W RUSSELL II
DirectorPresident
Transactions
- Exercise/Conversion
Common Stock
2014-08-12$4.28/sh+208,500$892,380→ 326,165 total - Tax Payment
Common Stock
2014-08-12$7.99/sh−150,412$1,201,792→ 175,753 total
Footnotes (2)
- [F1]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.
- [F2]The amount of securities beneficially owned following the reported transaction on the reporting person's original Form 4 omitted 17,500 common shares previously owned and reported.