TIFFIN DONALD E 4
4 · PARALLEL PETROLEUM CORP · Filed May 22, 2009
Insider Transaction Report
Form 4
TIFFIN DONALD E
Chief Operating Officer
Transactions
- Award
Employee Stock Option (right to buy)
2009-05-20+91,000→ 91,000 totalExercise: $2.00From: 2010-05-20Exp: 2019-05-20→ Common Stock (91,000 underlying)
Holdings
- 10,000
Common Stock, $.01 par value
- 57,400(indirect: By IRRA)
Common Stock, $.01 par value
- 80,000
Employee Stock Option (right to buy)
Exercise: $20.91From: 2009-06-12Exp: 2018-06-12→ Common Stock (80,000 underlying)
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.