ENDEAVOUR INTERNATIONAL CORP 4

4 · ENDEAVOUR INTERNATIONAL CORP · Filed Jan 4, 2008

Form 4

Period: 2008-01-02

SVP, Chief Acctg Officer

Transactions

Award
Nonqualified Stock Option
2008-01-02+27,000→ 197,000 total
Exercise: $1.32Exp: 2018-01-01→ Common Stock (27,000 underlying)
Award
Premium Performance Target Price Stock Option
2008-01-02+27,000→ 224,000 total
→ Common Stock (27,000 underlying)
Sale
Common Stock
2008-01-02$1.32/sh−8,825$11,649→ 282,980 total
Award
Common Stock
2008-01-02+28,000→ 291,805 total

Footnotes (6)

[F1]Restricted shares awarded under the 2007 Incentive Plan. One-third (1/3) of such shares will vest January 1, 2009, January 1, 2010 and January 1, 2011, respectively, if continually employed by the company through each such period.
[F2]This transaction involved sales of securities to satisfy the federal income tax withholding liability which arose upon the vesting of certain securities under the Issuer's 2004 Incentive Plan. All of the proceeds from these sales transactions will be utilized to satisfy such withholding obligation.
[F3]One-third (1/3) of the options will vest January 1, 2009, January 1, 2010 and January 1, 2011, respectively, if continually employed by the company through each such period.
[F4]Premium performance grant is awarded only if the share price meets or exceeds $2.35 for 20 consecutive trading days within three years of the transaction date. The exercise price will be set at the closing price on that 20th day (the "grant date").
[F5]If awarded, one-third (1/3) of such shares will vest one day prior to each anniversary of the grant date over the following three years, if continually employed by the company through each such period.
[F6]Ten years from grant date.

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