Oilsands Quest Inc 4

Accession 0001209191-08-045620

CIK 0001096791operating

View on SEC.gov Company Profile

Filed

Aug 4, 8:00 PM ET

Accepted

Aug 5, 7:23 PM ET

Size

13.9 KB

Accession

0001209191-08-045620

Insider Transaction Report

Form 4

Period: 2008-08-01

Oilsands Quest IncBQI

Thompson William Scott

Director

Transactions

Award
Stock Options
2008-08-01+150,000→ 150,000 total
Exercise: $4.51From: 2008-08-01Exp: 2013-08-01→ Common Stock (150,000 underlying)

Holdings

Exchangeable Shares
Exercise: $0.00From: 2006-08-14Exp: 2013-08-14→ Common Stock (2,057,500 underlying)
2,057,500
Stock Options
Exercise: $4.27From: 2007-08-01Exp: 2012-08-01→ Common Stock (150,000 underlying)
150,000
Common Stock
(indirect: By Trust)
445,964
Stock Options
Exercise: $5.05From: 2006-08-23Exp: 2011-08-23→ Common Stock (100,000 underlying)
100,000

Footnotes (6)

[F1]Exchangeable Shares were issued by Oilsands Quest, Inc., a subsidiary of the Company, pursuant to that certain Reorganization Agreement between the Company and OQI. Each Exchangeable Share is convertible into one share of the Company's Common Stock pursuant to the Voting and Exchange Trust Agreement entered into between the Company and OQI on August 14, 2006. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
[F2]Includes vested options to acquire 2,057,500 Exchangeable Shares of which 823,000 expire on August 1, 2010, 823,000 expire on December 15, 2010, and 411,500 expire on May 1, 2011. The Exchangeable Shares expire on August 14, 2013.
[F3]Mr. Thompson was granted 100,000 options pursuant to the Company's 2006 Stock Option Plan on August 23, 2006. The options vest 25% immediately and 25% each year for three years after the date of grant (August 23, 2007, August 23, 2008, and August 23, 2009). This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
[F4]Mr. Thompson was granted 100,000 options pursuant to the Company's 2006 Stock Option Plan on August 23, 2006. The options vest either (i) 25% upon a 750 million barrel count (defined as NI-51-101 high side resource estimate of bitumen in place), 50% upon a 1 billion barrel count, 75% upon a 1.25 billion barrel count, and 100% upon a 1.5 billion barrel count; or (ii) 100% vesting upon a merger, acquisition or sale not approved by the Company's Board of Directors. This transaction is exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d).
[F5]Mr. Thompson was granted 150,000 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 or sale not approved by the Company's Board of Directors. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
[F6]Mr. Thompson was granted 150,000 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 a change in control. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).

Documents

1 file

4
c74357_4.xmlPrimary
MAIN DOCUMENT DESCRIPTION

Issuer

Oilsands Quest Inc

CIK 0001096791

→

Entity typeoperating

Related Parties

filerCIK 0001096791

Filing Metadata

Form type: 4
Filed: Aug 4, 8:00 PM ET
Accepted: Aug 5, 7:23 PM ET
Size: 13.9 KB

View on SEC.gov