PARALLEL PETROLEUM CORP 4
4 · PARALLEL PETROLEUM CORP · Filed Jun 11, 2007
Insider Transaction Report
Form 4
BAYLEY ERIC A
Vice President
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy)
2007-06-08−25,000→ 0 totalExercise: $4.53From: 1998-07-17Exp: 2007-07-17→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock, $.01 par value
2007-06-08$4.53/sh+25,000$113,250→ 25,000 total
Holdings
- 11,700
Common Stock, $.01 par value
- 1,000(indirect: By SEP Plan)
Common Stock, $.01 par value
- 25,000
Common Stock, $.01 par value
- 20,000
Common Stock, $.01 par value
- 40,000
Common Stock, $.01 par value
- 5,790(indirect: By IRA)
Common Stock, $.01 par value
- 25,000
Employee Stock Option (right to buy)
Exercise: $3.60From: 1999-08-04Exp: 2008-08-04→ Common Stock (25,000 underlying) - 200
Employee Stock Option (right to buy)
Exercise: $6.00→ Common Stock (200 underlying) - 50,000
Employee Stock Option (right to buy)
Exercise: $4.97From: 2002-06-20Exp: 2011-06-20→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The exercise price of the employee stock option exercised by the reporting person is $4.53 per share.
- [F2]The Stock Purchase warrant is exercisable for a period of thirty days after a registration statement covering exercise of the warrants becomes effective under the Securities Act of 1933, as amended, which registration statement may be filed with the Securities and Exchange Commission at the discretion of Parallel Petroleum Corporation.