MARINER ENERGY INC 4
4 · MARINER ENERGY INC · Filed May 31, 2006
Insider Transaction Report
Form 4
MELENDREZ JESUS G
Sr. VP-Corporate Development
Transactions
- Disposition to Issuer
Common Stock
2006-05-31−49,999→ 119,188 total
Holdings
- 40,000
Employee Stock Option (right to buy)
Exercise: $14.00Exp: 2015-03-11→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]On May 31, 2006, shares of the issuer's common stock granted to the reporting person under the issuer's Equity Participation Plan, as amended (the "Plan"), fully vested. To satisfy withholding tax obligations in connection with the vesting, the issuer withheld the shares this Form reports were disposed. In accordance with the Plan, the number of shares withheld was determined by reference to the closing price per share of the issuer's common stock on the New York Stock Exchange on May 30, 2006 of $16.45.
- [F2]The option becomes exercisable in three equal annual installments beginning March 11, 2006.