MARINER ENERGY INC 4
4 · MARINER ENERGY INC · Filed May 11, 2007
Insider Transaction Report
Form 4
LOEGERING CORY L
Sr. VP-Deepwater
Transactions
- Tax Payment
Common Stock
2007-05-09−2,400→ 103,191 total - Award
Common Stock
2007-05-09+24,336→ 127,527 total
Holdings
- 40,000
Employee Stock Option (right to buy)
Exercise: $14.00Exp: 2015-03-11→ Common Stock (40,000 underlying)
Footnotes (3)
- [F1]On May 9, 2007, 6,587 shares of the issuer's common stock granted to the reporting person under the issuer's Stock Incentive Plan, as amended and restated from time to time (the "Plan"), vested. To satisfy withholding tax obligations in connection with the vesting, the issuer withheld the shares this Form reports were disposed. In accordance with the Plan, the number of shares withheld was determined by reference to the closing price per share of the issuer's common stock on the New York Stock Exchange on May 8, 2007 of $22.82.
- [F2]Shares of restricted stock granted on May 9, 2007 under the Plan. The shares vest 25% on each of the first four anniversaries of the date of grant. The number of shares granted was determined by reference to the closing price per share of the issuer's common stock on the New York Stock Exchange on May 9, 2007 of $22.60.
- [F3]The option becomes exercisable in three equal annual installments beginning March 11, 2006.