WHITNEY JON R 4
4 · HESS BAKKEN INVESTMENTS I Corp · Filed Dec 28, 2010
Insider Transaction Report
Form 4
WHITNEY JON R
Director
Transactions
- Exercise/Conversion
Common Stock, $0.001 Par Value
2010-12-17$6.03/sh+65,000$391,950→ 202,519 total - Exercise/Conversion
Stock Option (Right to Buy)
2010-12-17−87,500→ 0 totalExercise: $2.38From: 2006-12-31Exp: 2015-02-26→ Common Stock (87,500 underlying) - Tax Payment
Common Stock, $0.001 Par Value
2010-12-17$10.16/sh−59,075$600,202→ 143,444 total - Exercise/Conversion
Common Stock, $0.001 Par Value
2010-12-17$2.38/sh+87,500$208,250→ 137,519 total - Disposition to Issuer
Common Stock, $0.001 Par Value
2010-12-17−143,444→ 0 total - 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 (2)
- [F1]The "Amount of Securities Beneficially Owned Following Reported Transaction" reported on the Form 4 filed on 01/26/2010 indicated that Mr. Whitney beneficially owned 37,519 shares, while the correct amount that should have been calculated following the transaction disclosed on that form was 50,019 shares. The amount reported above reflects the correct calculation.
- [F2]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.