GREY WOLF INC 4
4 · GREY WOLF INC · Filed Dec 29, 2008
Insider Transaction Report
Form 4
WEBSTER STEVEN A
Director
Transactions
- Exercise/Conversion
Common Stock
2008-12-23$2.84/sh+50,000$142,000→ 2,498,283 total - Exercise/Conversion
Stock Option (right to buy)
2008-12-23−50,000→ 0 totalExercise: $2.84From: 2001-02-13Exp: 2012-02-13→ Common Stock (50,000 underlying) - Disposition to Issuer
Common Stock
2008-12-23−2,848,283→ 0 total - Exercise/Conversion
Common Stock
2008-12-23$3.06/sh+75,000$229,688→ 2,448,283 total - Exercise/Conversion
Stock Option (right to buy)
2008-12-23−75,000→ 0 totalExercise: $3.06From: 2001-02-24Exp: 2010-02-24→ Common Stock (75,000 underlying)
Footnotes (2)
- [F1]Pursuant to the merger agreement, as amended, by and among Grey Wolf, Inc., Precision Drilling Trust, Precision Drilling Trust, Precision Drilling Corporation and Precision Lobos Corporation (the "Merger Agreement"), each share of Grey Wolf common stock was converted into the right to receive either (a) $9.02 in cash or (b) 0.4225 of a Precision trust unit, subject to proration to preserve the mandatory aggregate cash consideration amount of approximately $1.12 billion, after taking into account all of the elections made by all of the Grey Wolf stockholders.
- [F2]Not applicable.