BIGLIN ROBERT M. 4
4 · HESS CORP · Filed Mar 9, 2012
Insider Transaction Report
Form 4
HESS CORPHES
BIGLIN ROBERT M.
Treasurer
Transactions
- Award
Common Stock, $1.00 par value
2012-03-07+2,538→ 19,807 total - Award
Performance Share Unit
2012-03-07+2,538→ 2,538 totalExercise: $0.00→ Common Stock, $1.00 par value (5,076 underlying)
Footnotes (3)
- [F1]This amount includes 11,313 shares held in escrow pursuant to the Corporation's 2008 Long-Term Incentive Plan and Second Amended and Restated 1995 Long-Term Incentive Plan. The reporting person has only voting power of these shares until the lapsing of the period set by the Committee administering the plan at which time the shares plus accrued dividends will be delivered to the reporting person if he is still an employee of the Corporation.
- [F2]Each Performance Share Unit entitles the holder to a payout of shares of Hess common stock equal to between 0% and 200% of such Performance Share Unit depending on the relative performance of the total sharholder return of Hess common stock compared with that of its peers over a three year performance period ending December 31, 2014, as more particularly described in the applicable award agreement.
- [F3]Not applicable