BAYLEY ERIC A 4
4 · PARALLEL PETROLEUM CORP · Filed May 22, 2009
Insider Transaction Report
Form 4
BAYLEY ERIC A
Vice President
Transactions
- Award
Employee Stock Option (right to buy)
2009-05-20+35,750→ 35,750 totalExercise: $2.00From: 2010-05-20Exp: 2019-05-20→ Common Stock (35,750 underlying)
Holdings
- 96,900
Common Stock, $.01 par value
- 27,500
Employee Stock Option (right to buy)
Exercise: $20.91From: 2009-06-12Exp: 2018-06-12→ Common Stock (27,500 underlying) - 1,000(indirect: By SEP Plan)
Common Stock, $.01 par value
- 50,000
Employee Stock Option (right to buy)
Exercise: $4.97From: 2002-06-20Exp: 2011-06-20→ Common Stock (50,000 underlying) - 5,790(indirect: By IRA)
Common Stock, $.01 par value
Footnotes (1)
- [F1]Grant of nonqualified stock option pursuant to the Parallel Petroleum Corporation 2008 Long-Term Incentive Plan. The option vests in four equal annual installments beginning on May 20, 2010.