Wuensche William 4
4 · Alon USA Energy, Inc. · Filed Jan 27, 2010
Insider Transaction Report
Form 4
Wuensche William
VP of Refining - Krotz Springs
Transactions
- Award
Stock Apperciation Rights
2010-01-25+5,000→ 5,000 totalExercise: $16.00→ Common Stock, par value $0.01 per share
Footnotes (3)
- [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.