4//SEC Filing
FEITEN JOSEPH BRUCE 4
Accession 0001209191-10-062708
CIK 0001120916other
Filed
Dec 27, 7:00 PM ET
Accepted
Dec 28, 1:47 PM ET
Size
12.1 KB
Accession
0001209191-10-062708
Insider Transaction Report
Form 4
FEITEN JOSEPH BRUCE
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock, $0.001 Par Value
2010-12-17−20,000→ 0 total(indirect: By IRA) - Exercise/Conversion
Stock Option (Right to Buy)
2010-12-17+272,000→ 0 totalExercise: $2.00Exp: 2014-11-05→ Common Stock (272,000 underlying) - Tax Payment
Common Stock, $.001 Par Value
2010-12-17$10.16/sh−110,614$1,123,838→ 199,086 total - Disposition to Issuer
Common Stock, $0.001 Par Value
2010-12-17−199,086→ 0 total - Exercise/Conversion
Common Stock, $.001 Par Value
2010-12-17$2.00/sh+272,000$544,000→ 309,700 total
Footnotes (2)
- [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 for an aggregate value of $2,269,274) upon completion of the merger.
- [F2]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 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.
Documents
Issuer
HESS BAKKEN INVESTMENTS I Corp
CIK 0001120916
Entity typeother
Related Parties
1- filerCIK 0001215883
Filing Metadata
- Form type
- 4
- Filed
- Dec 27, 7:00 PM ET
- Accepted
- Dec 28, 1:47 PM ET
- Size
- 12.1 KB