4//SEC Filing
PARALLEL PETROLEUM CORP 4
Accession 0001209191-08-031307
CIK 0000750561operating
Filed
May 18, 8:00 PM ET
Accepted
May 19, 4:36 PM ET
Size
7.8 KB
Accession
0001209191-08-031307
Insider Transaction Report
Form 4
OLDHAM LARRY
DirectorCEO and President
Transactions
- Sale
Common Stock, $.01 par value
2008-05-15$21.52/sh−85,000$1,829,497→ 233,590 total
Holdings
- 37,500
Employee Stock Option (right to buy)
Exercise: $4.97From: 2002-01-05Exp: 2011-06-20→ Common Stock (37,500 underlying) - 400,000(indirect: By Spouse)
Common Stock, $.01 par value
Footnotes (2)
- [F1]Such shares are held by Oldham Properties, Ltd., a limited partnership. The general partner of Oldham Properties, Ltd. is Oldham, LLC, a limited liability company solely owned by the reporting person's spouse. The reporting person's spouse and two children are the sole limited partners. The reporting person disclaims beneficial ownership of the issuer's common stock held by his spouse through Oldham Properties, Ltd., except to the extent of his pecuniary interest therein.
- [F2]In a private transaction pursuant to an agreement dated May 15, 2008, the reporting person assigned such shares to a third party in payment and extinguishment of personal indebtedness owed by the reporting person to such third party.
Documents
Issuer
PARALLEL PETROLEUM CORP
CIK 0000750561
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000750561
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 4:36 PM ET
- Size
- 7.8 KB