Miller Thomas F 4
4 · NGAS Resources Inc · Filed Apr 14, 2011
Insider Transaction Report
Form 4
Miller Thomas F
Director
Transactions
- Other
Employee stock option
2011-04-13$6.51/sh−10,000$65,100→ 0 totalExercise: $6.51From: 2010-04-25Exp: 2012-04-25→ common stock (10,000 underlying) - Disposition from Tender
common stock
2011-04-13$0.55/sh−49,037$26,970→ 0 total
Footnotes (2)
- [F1]Pursuant to an Arrangement Agreement dated as of December 23, 2010 between the issuer and Magnum Hunter Resources Corporation ("MHR"), each outstanding share of the issuer's common stock was converted into the right to receive 0.0846 of shares of MHR common stock.
- [F2]Pursuant to the Arrangement Agreement, the option was converted into an option to purchase MHR common stock based on the exchange ratio for the change of control transaction.