ZAPATA CORP 4
4 · ZAPATA CORP · Filed May 31, 2007
Insider Transaction Report
Form 4
ZAPATA CORPZAP
GLAZER EDWARD S
Director
Transactions
- Exercise/Conversion
Common Stock
2007-05-29$5.78/sh+85,336$493,327→ 109,336 total - Exercise/Conversion
Options
2007-05-29$5.78/sh−85,336$493,327→ 8,000 totalExercise: $5.78From: 1998-07-11Exp: 2007-07-11→ Common Stock (85,336 underlying) - Exercise/Conversion
Common Stock
2007-05-29$5.55/sh+16,000$88,752→ 109,336 total - Tax Payment
Common Stock
2007-05-29$6.83/sh−88,894$607,146→ 20,442 total - Exercise/Conversion
Options
2007-05-29$5.55/sh−16,000$88,752→ 8,000 totalExercise: $5.55From: 1998-06-04Exp: 2007-06-04→ Common Stock (16,000 underlying)
Footnotes (1)
- [F1]Represents (i) 72,230 shares withheld by the issuer to pay the exercise price of the stock option pursuant to the net exercise provision of the issuer's Amended and Restated 1996 Long-Term Incentive Plan, and 3,669 shares withheld to cover the payment of withholding taxes under the Plan, and (ii) 12,995 shares withheld by the issuer to pay the exercise price of the stock option pursuant to the net exercise provision of the issuer's 1987 Special Incentive Plan. All shares withheld were valued at the closing price on the New York Stock Exchange on the date of exercise.