4//SEC Filing
MCCANN WALTER 4
Accession 0001209191-09-035454
CIK 0000061398other
Filed
Jul 5, 8:00 PM ET
Accepted
Jul 6, 10:32 AM ET
Size
5.7 KB
Accession
0001209191-09-035454
Insider Transaction Report
Form 4
MCCANN WALTER
Director
Transactions
- Award
Common Stock
2009-07-01+15,000→ 174,368 total
Footnotes (2)
- [F1]On July 1, 2009, 15,000 shares of the Company's common stock were awarded to the reporting person under Section 9 of the Company's 1998 Stock Incentive Plan, pursuant to the terms of the Company's Board compensation policy for non-employee directors adopted on May 27, 2009, which permits the Company to make payment of up to 50% of the annual retainer fees payable to non-employee directors in the form of shares of the Company's common stock, subject to an annual cap per director of 15,000 shares.
- [F2]The shares were awarded to the reporting person in lieu of cash payment of a portion of the annual directors' retainer fee. The fair market value of a share of the Company's common stock on the grant date, July 1, 2009, was $1.11, calculated in accordance with the terms of the Company's 1998 Stock Incentive Plan.
Documents
Issuer
MAGELLAN PETROLEUM CORP /DE/
CIK 0000061398
Entity typeother
Related Parties
1- filerCIK 0001253007
Filing Metadata
- Form type
- 4
- Filed
- Jul 5, 8:00 PM ET
- Accepted
- Jul 6, 10:32 AM ET
- Size
- 5.7 KB