AYRE CHRISTOPHER MICHAEL 4
4 · CANARGO ENERGY CORP · Filed Sep 28, 2004
Insider Transaction Report
Form 4
AYRE CHRISTOPHER MICHAEL
Director
Transactions
- Purchase
Common Stock, par value $0.10 per share
2004-09-27$0.59/sh+90,000$53,100→ 90,000 total - Award
Stock Options, right to buy
2004-09-24+255,000→ 505,000 totalExercise: $0.65From: 2004-09-24Exp: 2011-09-23→ Common Stock (255,000 underlying)
Footnotes (2)
- [F1]Purchase price Norwegian Kroner 3.987 equivalent to US$0.59 on day of purchase
- [F2]Options vest one third immediately, one third after one year and one third after two years