4//SEC Filing
Oilsands Quest Inc 4
Accession 0001209191-08-045489
CIK 0001096791operating
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 5:01 PM ET
Size
17.3 KB
Accession
0001209191-08-045489
Insider Transaction Report
Form 4
Hopkins Christopher H
DirectorChief Executive Officer10% Owner
Transactions
- Award
Stock Option
2008-08-01+475,000→ 475,000 totalExercise: $4.51From: 2008-08-01Exp: 2013-08-01→ Common Stock (475,000 underlying)
Holdings
- 750,000
Stock Option
Exercise: $4.27From: 2007-08-01Exp: 2012-08-01→ Common Stock (750,000 underlying) - 20,533,850
Exchangeable Shares
Exercise: $0.00From: 2006-08-14Exp: 2013-08-14→ Common Stock (20,533,850 underlying) - 300,000
Stock Option
Exercise: $5.05From: 2006-08-23Exp: 2011-08-23→ Common Stock (300,000 underlying) - 17,266
Common Stock
- 17,266(indirect: By Spouse)
Common Stock
- 300,000
Stock Options
Exercise: $5.05From: 2006-08-23Exp: 2011-08-23→ Common Stock (300,000 underlying) - 205,750(indirect: By Spouse)
Exchangeable Shares
Exercise: $0.00From: 2006-08-14Exp: 2013-08-14→ Common Stock (205,750 underlying) - 823,000
Exchangeable Shares
Exercise: $0.00From: 2007-05-01Exp: 2013-08-14→ Common Stock (823,000 underlying)
Footnotes (7)
- [F1]Exchangeable Shares were issued by Oilsands Quest Sask, Inc., a subsidiary of the Company, pursuant to a Reorganization Agreement between the Company and OQI Sask. Each Exchangeable Share is convertible into one share of the Company's Common Stock pursuant to a Voting and Exchange Trust Agreement dated August 14, 2006. The Exchangeable Shares expire on August 14, 2013. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
- [F2]Includes vested options to acquire 3,292,000 Exchangeable Shares of which 823,000 expire on December 15, 2010 and 2,469,000 expire on May 1, 2011.
- [F3]Includes options to acquire 823,000 Exchangeable Shares vesting 1/3 on May 1, 2007, 1/3 on May 1, 2008, and 1/3 on May 1, 2009, and such options expire on May 1, 2011.
- [F4]Mr. Hopkins was granted 300,000 options pursuant to the Company's 2006 Stock Option Plan on August 23, 2006. The options vest either (i) 25% immediately and 25% each year for three years after the date of grant (August 23, 2007, August 23, 2008, and August 23, 2009); or (ii) 100% vesting upon a merger, acquisition, sale or a change in control. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
- [F5]Mr. Hopkins was granted 300,000 options pursuant to the Company's 2006 Stock Option Plan on August 23, 2006. The options vest either (i) 25% upon a 750 million bitumen in place ("BIP") barrel count defined as the high resource (P10) estimate of bitumen in place, 50% upon a 1 billion BIP barrel count, 75% upon a 1.25 billion BIP barrel count, and 100% upon a 1.5 billion BIP barrel count; or (ii) 100% vesting upon a merger, acquisition, sale, or change in control. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
- [F6]Mr. Hopkins was granted 750,000 options pursuant to the Company's 2006 Stock Option Plan on August 1, 2007. The options vest either (i) 25% immediately and 25% each year for three years after the date of grant (August 1, 2008, August 1, 2009, and August 1, 2010); or (ii) 100% vesting upon a merger, acquisition, sale or change in control. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
- [F7]Mr. Hopkins was granted 475,000 options pursuant to the Company's 2006 Stock Option Plan on August 1, 2008. The options vest either (i) 25% immediately and 25% each year for three years after the date of grant (August 1, 2009, August 1, 2010, and August 1, 2011); or (ii) 100% vesting upon a merger, acquisition, sale or change in control. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
Documents
Issuer
Oilsands Quest Inc
CIK 0001096791
Entity typeoperating
Related Parties
1- filerCIK 0001096791
Filing Metadata
- Form type
- 4
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 5:01 PM ET
- Size
- 17.3 KB