ENDEAVOUR INTERNATIONAL CORP 4
4 · ENDEAVOUR INTERNATIONAL CORP · Filed Jan 4, 2008
Insider Transaction Report
Form 4
Williams John Glynn
EVP - Exploration
Transactions
- Award
Common Stock
2008-01-02+56,000→ 456,000 total - Award
Premium Performance Target Price Stock Option
2008-01-02+55,000→ 310,000 total→ Common Stock (55,000 underlying) - Award
Nonqualified Stock Option
2008-01-02+55,000→ 255,000 totalExercise: $1.32Exp: 2018-01-01→ Common Stock (55,000 underlying)
Footnotes (5)
- [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]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.
- [F3]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").
- [F4]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.
- [F5]Ten years from grant date.