4//SEC Filing
Thompson William Scott 4
Accession 0001209191-06-047595
CIK 0001096791other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 8:51 PM ET
Size
11.3 KB
Accession
0001209191-06-047595
Insider Transaction Report
Form 4
Thompson William Scott
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
- 2,057,500
Exchangeable Shares
Exercise: $0.00From: 2006-08-14Exp: 2013-08-14→ Common Stock (2,057,500 underlying) - 500,000(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Exchangeable Shares were issued by Oilsands Quest, Inc., a subsidiary of the Company, pursuant to that certain Reorganization Agreement between the Company and OQI. Each Exchangeable Share is convertible into one share of the Company's Common Stock pursuant to the Voting and Exchange Trust Agreement entered into between the Company and OQI on August 14, 2006. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
- [F2]Includes vested options to acquire 2,057,500 Exchangeable Shares of which 823,000 expire on August 1, 2010, 823,000 expire on December 15, 2010, and 411,500 expire on May 1, 2011. The Exchangeable Shares expire on August 14, 2013.
- [F3]Mr. Thompson 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).
- [F4]Mr. Thompson 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 0001315198
Filing Metadata
- Form type
- 4
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 8:51 PM ET
- Size
- 11.3 KB