4//SEC Filing
Phillips Ronald 4
Accession 0001209191-06-047596
CIK 0001096791other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 8:52 PM ET
Size
14.2 KB
Accession
0001209191-06-047596
Insider Transaction Report
Form 4
Phillips Ronald
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
- 823,000
Exchangeable Shares
Exercise: $0.00From: 2006-08-14Exp: 2013-08-14→ Common Stock (823,000 underlying) - 250,000
Stock Options
Exercise: $4.62From: 2006-02-08Exp: 2008-02-08→ Common Stock (250,000 underlying) - 600,000(indirect: By DKR Saturn Event Driven Holding Fund, Ltd.)
Common Stock
Footnotes (6)
- [F1]Mr. Phillips was granted 250,000 options pursuant to the Company's 2006 Stock Option Plan on February 8, 2006. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
- [F2]Mr. Phillips was granted 250,000 options pursuant to the Company's 2006 Stock Option Plan on February 17, 2006. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
- [F3]Mr. Phillips is Manager of this entity.
- [F4]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. The number of Exchangeable Shares includes vested options to acquire 823,000 Exchangeable Shares which expire on May 1, 2011. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
- [F5]Mr. Phillips 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).
- [F6]Mr. Phillips 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 0001320703
Filing Metadata
- Form type
- 4
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 8:52 PM ET
- Size
- 14.2 KB