Schroeder Don E 4
4 · HESS BAKKEN INVESTMENTS I Corp · Filed Dec 27, 2010
Insider Transaction Report
Form 4
Schroeder Don E
V.P. of Land
Transactions
- Award
Common Stock, $0.001 Par Value
2010-12-17+8,000→ 55,000 total - Disposition to Issuer
Common Stock, $0.001 Par Value
2010-12-17−281,010→ 0 total - Exercise/Conversion
Common Stock, $0.001 Par Value
2010-12-17$2.00/sh+340,000$680,000→ 395,000 total - Exercise/Conversion
Stock Option (Right to Buy)
2010-12-17−340,000→ 0 totalExercise: $2.00Exp: 2014-11-05→ Common Stock (340,000 underlying) - Tax Payment
Common Stock, $0.001 Par Value
2010-12-17$10.16/sh−113,990$1,158,138→ 281,010 total
Footnotes (3)
- [F1]Representing the shares of restricted common stock that were granted in February 2007 and were issued and vested immediately prior to the completion of the merger between the Issuer and Hess Investment Corp., a wholly owned subsidiary of Hess Corporation ("Hess").
- [F2]Disposed of pursuant to the closing of the merger between the Issuer and Hess Investment Corp. in exchange for the right to receive shares of Hess common stock (0.1373 shares of Hess common stock for each share of Issuer common stock) upon completion of the merger.
- [F3]This option, which was granted on 11/05/2008 and provided for vesting in five equal annual installments beginning one year after the date of the grant, was accelerated pursuant to the merger between the Issuer and Hess Investment Corp. Immediately prior to the completion of the merger, the option became fully vested and exercisable and was exercised by the reporting person on December 17, 2010.