4//SEC Filing
Tallman Gordon G 4
Accession 0001209191-06-047594
CIK 0001096791other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 8:49 PM ET
Size
9.1 KB
Accession
0001209191-06-047594
Insider Transaction Report
Form 4
Tallman Gordon G
Director
Transactions
- Award
Stock Options
2006-08-23+100,000→ 100,000 totalExercise: $5.05From: 2006-08-23Exp: 2011-08-23→ Common Stock (100,000 underlying)
Holdings
- 50,000
Common Stock
Footnotes (2)
- [F1]Mr. Tallman was granted 100,000 options pursuant to the Company's 2006 Stock Option Plan on August 23, 2006. The options vest either (i) 25% immediately and 25% each year for three years after the date of grant (August 23, 2007, August 23, 2008, and August 23, 2009); or (ii) 100% vesting upon a merger, acquisition, sale or a change in control. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
- [F2]Mr. Tallman was granted 100,000 options pursuant to the Company's 2006 Stock Option Plan on August 23, 2006. The options vest either (i) 25% upon a 750 million bitumen in place ("BIP") barrel count defined as the high resource (P10) estimate of bitumen in place, 50% upon a 1 billion BIP barrel count, 75% upon a 1.25 billion BIP barrel count, and 100% upon a 1.5 billion BIP barrel count; or (ii) 100% vesting upon a merger, acquisition, sale, or change in control. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
Documents
Issuer
CANWEST PETROLEUM CORP
CIK 0001096791
Entity typeother
Related Parties
1- filerCIK 0001362092
Filing Metadata
- Form type
- 4
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 8:49 PM ET
- Size
- 9.1 KB