Moret Alan P 4
4 · Alon USA Energy, Inc. · Filed Jan 27, 2010
Insider Transaction Report
Form 4
Moret Alan P
Senior VP, Asphalt Oper.
Transactions
- Award
Stock Apperciation Rights
2010-01-25+10,000→ 10,000 totalExercise: $16.00→ Common Stock, par value $0.01 per share - Disposition to Issuer
Stock Apperciation Rights
2010-01-25−20,000→ 0 totalExercise: $28.46→ Common Stock, par value $0.01 per share - Award
Stock Apperciation Rights
2010-01-25+20,000→ 20,000 totalExercise: $28.46→ Common Stock, par value $0.01 per share
Footnotes (8)
- [F1]Grant to reporting person of Stock Appreciation Rights ("SARs") pursuant to the Alon USA Energy, Inc. 2005 Incentive Compensation Plan. The January 25, 2010 SARs vest as follows: 50% on December 10, 2011, 25% on December 10, 2012 and 25% on December 10, 2013 and are exercisable during the 365-day period following the date of vesting.
- [F2]Vested but unexercised January 25, 2010 SARs will expire on the date that is 366 days following the date on which such SARs vested.
- [F3]The number of shares of Alon Common Stock underlying the January 25, 2010 SARs will be determined at the time of exercise by calculating the difference between the closing price of Alon Common Stock on the date of exercise and the grant price of the January 25, 2010 SARs ($16.00 per share) (the "Spread"), multiplying the Spread by the number of SARs being exercised and then dividing the product by the closing price of Alon Common Stock on the date of exercise.
- [F4]On March 7, 2007, the Company made a grant of 20,000 SARs to the reporting person, pursuant to the Alon USA Energy, Inc. 2005 Incentive Compensation Plan. On January 25, 2010 the Company amended the March 7, 2007 SARs to, among other things, extend the exercise period.
- [F5]The March 7, 2007 SARs vest and become exercisable as follows: 50% on March 7, 2009, 25% on March 7, 2010 and 25% on March 7, 2011.
- [F6]Prior to the January 25, 2010 amendment, vested but unexercised March 7, 2007 SARs would expire on the date that is 366-days following the date on which such SARs vested.
- [F7]The number of shares of Alon Common Stock underlying the March 7, 2007 SARs will be determined at the time of exercise by calculating the difference between the closing price of Alon Common Stock on the date of exercise and the grant price of the March 7, 2007 SARs ($28.46 per share) (the "Spread"), multiplying the Spread by the number of SARs being exercised and then dividing the product by the closing price of Alon Common Stock on the date of exercise.
- [F8]Following the January 25, 2010 amendment, vested but unexercised March 7, 2007 SARs will expire on the date that is 3 years following the date on which such SARs vested.