Oilsands Quest Inc·4

Sep 15, 3:03 PM ET

Wallin Pamela 4

4 · Oilsands Quest Inc · Filed Sep 15, 2008

Insider Transaction Report

Form 4
Period: 2008-09-11
Transactions
  • Purchase

    Common Stock

    2008-09-11$2.88/sh+15,000$43,20033,300 total
Holdings
  • Stock Option

    Exercise: $2.47From: 2007-06-29Exp: 2012-06-29Common Stock (100,000 underlying)
    100,000
  • Stock Option

    Exercise: $4.27From: 2007-08-01Exp: 2012-08-01Common Stock (50,000 underlying)
    50,000
  • Stock Option

    Exercise: $4.51From: 2008-08-01Exp: 2013-08-01Common Stock (150,000 underlying)
    150,000
Footnotes (3)
  • [F1]Ms. Wallin was granted 100,000 options pursuant to the Company's 2006 Stock Option Plan on June 29, 2007. The options vest either (i) 25% immediately and 25% each year for three years after the date of grant (June 29, 2008, June 29, 2009, and June 29, 2010); 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).
  • [F2]Ms. Wallin was granted 50,000 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).
  • [F3]Ms. Wallin 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 change in control. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).

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