DEMARE NICK 4
4 · HESS BAKKEN INVESTMENTS I Corp · Filed Dec 28, 2010
Insider Transaction Report
Form 4
DEMARE NICK
Director
Transactions
- Disposition to Issuer
Common Stock, $0.001 Par Value
2010-12-17−224,000→ 0 total - Exercise/Conversion
Common Stock, $0.001 Par Value
2010-12-17$6.03/sh+65,000$391,950→ 191,819 total(indirect: See Footnote) - Disposition to Issuer
Common Stock, $0.001 Par Value
2010-12-17−153,241→ 0 total(indirect: See Footnote) - Tax Payment
Common Stock, $0.001 Par Value
2010-12-17$10.16/sh−38,578$391,952→ 153,241 total(indirect: See Footnote) - Exercise/Conversion
Stock Option (Right to Buy)
2010-12-17−65,000→ 0 totalExercise: $6.03From: 2008-12-31Exp: 2012-03-31→ Common Stock (65,000 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the closing of the merger between the Issuer and Hess Investment Corp., a wholly owned subsidiary of Hess Corporation ("Hess"), 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.
- [F2]These shares are held by DNG Capital Corp. ("DNG"), which is a company wholly owned by the reporting person.
- [F3]Upon exercise of the stock option, Mr. DeMare assigned the 65,000 shares to DNG.