Wilson T Murray 4
4 · CANWEST PETROLEUM CORP · Filed Aug 25, 2006
Insider Transaction Report
Form 4
Wilson T Murray
DirectorExecutive Chairman
Transactions
- Award
Stock Options
2006-08-23+300,000→ 300,000 totalExercise: $5.05From: 2006-08-23Exp: 2011-08-23→ Common Stock (300,000 underlying)
Holdings
- 16,800
Common Stock
- 1,000,000
Stock Options
Exercise: $6.75From: 2006-05-01Exp: 2011-05-01→ Common Stock (1,000,000 underlying)
Footnotes (6)
- [F1]Stock options received pursuant to Mr. Wilson's Executive Employment Agreement with the Company, dated May 1, 2006. Options to purchase 1,000,000 shares vested immediately. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
- [F2]Stock options received pursuant to Mr. Wilson's Executive Employment Agreement with the Company, dated May 1, 2006. Options to purchase 1,000,000 shares vested upon attaining certain reorganization goals of the Company, which occurred on August 14, 2006. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
- [F3]Stock options received pursuant to Mr. Wilson's Executive Employment Agreement with the Company, dated May 1, 2006. Options to purchase 1,000,000 shares vest on May 1, 2007. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
- [F4]Stock options received pursuant to Mr. Wilson's Executive Employment Agreement with the Company, dated May 1, 2006. Options to purchase 1,000,000 shares vest on May 1, 2008. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
- [F5]Mr. Wilson was granted 300,000 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. Wilson was granted 300,000 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).