Hopkins Christopher H 4

Accession 0001209191-07-016056

CIK 0001096791other

View on SEC.gov Company Profile

Filed

Mar 5, 7:00 PM ET

Accepted

Mar 6, 6:15 PM ET

Size

16.2 KB

Accession

0001209191-07-016056

Insider Transaction Report

Form 4

Period: 2007-03-02

Oilsands Quest IncBQI

Hopkins Christopher H

DirectorChief Executive Officer10% Owner

Transactions

Purchase
Commone Stock
2007-03-06$4.82/sh+8,866$42,734→ 17,266 total
Other
Exchangeable Shares
2007-03-02−864,150→ 19,669,700 total
Exercise: $0.00From: 2006-08-14Exp: 2013-08-14→ Common Stock (20,533,850 underlying)
Purchase
Common Stock
2007-03-06$4.82/sh+8,866$42,734→ 17,266 total(indirect: By Spouse)

Holdings

Exchangeable Shares
(indirect: By Spouse)
Exercise: $0.00From: 2006-08-14Exp: 2013-08-14→ Common Stock (205,750 underlying)
205,750
Stock Options
Exercise: $5.05From: 2006-08-23Exp: 2011-08-23→ Common Stock (300,000 underlying)
300,000
Stock Option
Exercise: $5.05From: 2006-08-23Exp: 2011-08-23→ Common Stock (300,000 underlying)
300,000
Exchangeable Shares
Exercise: $0.00From: 2007-05-01Exp: 2013-08-14→ Common Stock (823,000 underlying)
823,000

Footnotes (7)

[F1]Exchangeable Shares were issued by Oilsands Quest Sask, Inc., a subsidiary of the Company, pursuant to a Reorganization Agreement between the Company and OQI Sask. Each Exchangeable Share is convertible into one share of the Company's Common Stock pursuant to a Voting and Exchange Trust Agreement dated August 14, 2006. The Exchangeable Shares expire on August 14, 2013. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
[F2]Includes vested options to acquire 3,292,000 Exchangeable Shares of which 823,000 expire on December 15, 2010 and 2,469,000 expire on May 1, 2011.
[F3]Includes unvested options to acquire 823,000 Exchangeable Shares vesting 1/3 on May 1, 2007, 1/3 on May 1, 2008, and 1/3 on May 1, 2009, and such options expire on May 1, 2011.
[F4]Mr. Hopkins 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).
[F5]Mr. Hopkins 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).
[F6]These shares were purchased pursuant to the private placement of flow-through shares that closed on March 6, 2007 under the same terms and conditions as all participating subscribers. This transaction is exempt pursuant to Rule 16b-3(d).
[F7]These shares were transferred pursuant to pre-existing employment arrangements with employees of the Company's subsidiary, Oilsands Quest Sask, Inc.

Documents

1 file

4
bdn44346_bdn1chh.xmlPrimary
MAIN DOCUMENT DESCRIPTION

Issuer

Oilsands Quest Inc

CIK 0001096791

→

Entity typeother

Related Parties

filerCIK 0001313976

Filing Metadata

Form type: 4
Filed: Mar 5, 7:00 PM ET
Accepted: Mar 6, 6:15 PM ET
Size: 16.2 KB

View on SEC.gov