OLDHAM LARRY 4
4 · PARALLEL PETROLEUM CORP · Filed May 22, 2009
Insider Transaction Report
Form 4
OLDHAM LARRY
DirectorCEO and President
Transactions
- Award
Employee Stock Option (right to buy)
2009-05-20+104,000→ 104,000 totalExercise: $2.00From: 2010-05-20Exp: 2019-05-20→ Common Stock (104,000 underlying)
Holdings
- 375,000(indirect: By Spouse)
Common Stock, $.01 par value
- 37,500
Employee Stock Option (right to buy)
Exercise: $4.97From: 2002-01-05Exp: 2011-06-20→ Common Stock (37,500 underlying) - 80,000
Employee Stock Option (right to buy)
Exercise: $20.91From: 2009-06-12Exp: 2018-06-12→ Common Stock (80,000 underlying) - 233,590
Common Stock, $.01 par value
Footnotes (2)
- [F1]Such shares are held by Oldham Properties, Ltd., a limited partnership. The general partner of Oldham Properties, Ltd. is Oldham, LLC, a limited liability company solely owned by the reporting person's spouse. The reporting person's spouse and two children are the sole limited partners. The reporting person disclaims beneficial ownership of the issuer's common stock held by his spouse through Oldham Properties, Ltd., except to the extent of his pecuniary interest therein.
- [F2]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.