REEVES JOSEPH A JR 4
4 · MERIDIAN RESOURCE CORP · Filed Jun 14, 2010
Insider Transaction Report
Form 4
REEVES JOSEPH A JR
Director
Transactions
- Disposition from Tender
Common Stock
2010-05-13$0.33/sh−136,048$44,896→ 0 total(indirect: By 401(k)) - Disposition from Tender
Common Stock
2010-05-13$0.33/sh−1,827,629$603,118→ 0 total - Disposition from Tender
Warrant (right to buy)
2010-05-13$0.23/sh−936,499$215,395→ 0 totalExercise: $0.10Exp: 2010-05-13→ Common Stock (936,499 underlying)
Footnotes (2)
- [F1]Converted into the right to receive $0.33 in cash, without interest and less any applicable withholding tax, pursuant to Agreement and Plan of Merger ("merger agreement"), dated as of December 22, 2009, by and among the issuer, Alta Mesa holdings, LP and Alta Mesa Acquisition Sub, LLC.
- [F2]This warrant was converted pursuant to the merger agreement into the right to receive an amount in cash equal to the product of (a) $0.23, which is the excess of the merger consideration of $0.33 per share over the exercise price of $0.10 per share of common stock subject to the warrant, multiplied by (b) 936,499, which is the number of shares of common stock covered by such warrant. The payment was made without interest and subject to applicable withholding tax.