Morgan G Michael 4
4 · HARVEST NATURAL RESOURCES, INC. · Filed May 25, 2011
Insider Transaction Report
Form 4
Morgan G Michael
Vice President
Transactions
- Tax Payment
Common Stock, $.01 par value per share
2011-05-23$11.53/sh−9,258$106,745→ 77,642 total
Holdings
- 162,500
Phantom Stock
→ Common Stock, $0.1 par value per share (12,500 underlying) - 150,000
Stock Appreciation Right
Exercise: $4.59Exp: 2016-06-18→ Common Stock, $0.1 par value per share (25,000 underlying) - 125,000
Stock Options
Exercise: $7.10→ Common Stock, $0.1 par value per share
Footnotes (8)
- [F1]Payment of tax liability by withholding securities incident to the vesting of restricted shares issued by the Company.
- [F2]Includes shares of restricted stock granted to the reporting person by the Company's board of directors pursuant to various plans.
- [F3]Includes options to purchase the Company's common stock granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices.
- [F4]The Stock Appreciation Rights granted vest at a rate of one third per year beginning the third year from the effective date of the grant and will be exercisable in full on June 18, 2014.
- [F5]Includes options to purchase the Company's common stock and Stock Appreciation Rights granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices.
- [F6]Each share of phantom stock is the economic equivalent of one share of HNR common stock.
- [F7]Phantom Stock granted vests at a rate of one third per year beginning the third year from the effective date of the grant and will be exercisable in full on June 18, 2014.
- [F8]Includes options to purchase the Company's common stock, Stock Appreciation Rights and Phantom Stock Unit Awards granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices.