4//SEC Filing
HOUSTON EXPLORATION CO 4
Accession 0001209191-07-036152
CIK 0001015293operating
Filed
Jun 7, 8:00 PM ET
Accepted
Jun 8, 4:08 PM ET
Size
17.8 KB
Accession
0001209191-07-036152
Insider Transaction Report
Form 4
MCKESSY STEPHEN W
Director
Transactions
- Disposition to Issuer
stock option (right to buy)
2007-06-06$24.91/sh−2,000$49,820→ 0 totalExercise: $35.11Exp: 2013-09-22→ common stock (2,000 underlying) - Exercise/Conversion
common stock ($0.01 par value)
2007-06-06+495→ 8,283 total - Exercise/Conversion
phantom stock
2007-06-06−495→ 0 totalFrom: 2007-06-06Exp: 2007-06-06→ common stock (495 underlying) - Disposition to Issuer
common stock ($0.01 par value)
2007-06-06−8,283→ 0 total
Footnotes (3)
- [F1]Pursuant to The Houston Exploration Company?s (the "Company") post-2004 director deferred compensation plan, the reporting person?s phantom stock rights are exchanged for a cash distribution upon termination from the Company?s Board of Directors. Each share of phantom stock was the economic equivalent of one share of the Company?s common stock.
- [F2]Pursuant to the Agreement and Plan of Merger, dated as of January 7, 2007 (the "Merger Agreement"), by and among Forest Oil Corporation ("Forest"), MJCO Corporation, a wholly owned subsidiary of Forest, and The Houston Exploration Company (the "Company"), at the effective time ("Merger I Effective Date") of the merger contemplated therein, each outstanding share of the Company?s common stock was converted into the right to receive (i) .84 shares of Forest?s common stock and (ii) $26.25 in cash. This represents $60.02 per share of consideration to be received by the Company?s stockholders based on the average closing price of Forest?s common stock during the ten-day valuation period specified in the Merger Agreement. The mix of cash and stock consideration to be received by each of the Company?s stockholders will be determined by stockholder elections, subject to proration. As a result of the proration procedures that have not yet been completed as of the date of this filing, it
- [F3]Pursuant to the Merger Agreement, at the Merger I Effective Time, each non-qualified stock option became immediately and fully vested and was cancelled and converted into the right to receive a cash amount equal to the excess of $60.02 over the option exercise price multiplied by the number of shares subject to such option.
Issuer
HOUSTON EXPLORATION CO
CIK 0001015293
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001015293
Filing Metadata
- Form type
- 4
- Filed
- Jun 7, 8:00 PM ET
- Accepted
- Jun 8, 4:08 PM ET
- Size
- 17.8 KB