Alon USA Energy, Inc. 4
4 · Alon USA Energy, Inc. · Filed Jul 15, 2013
Insider Transaction Report
Form 4
Hart Claire A
Senior Vice President
Transactions
- Conversion
Common Stock
2013-07-11+48,475→ 254,875 total - Conversion
Subsidiary Stock Exchange Right
2013-07-11−48,475→ 339,324 total→ Common Stock, par value $0.01 per share (48,475 underlying)
Footnotes (1)
- [F1]On June 20, 2012, Alon Assets, Inc., Alon Operating, Inc. (collectively, the "Subsidiaries"), Alon USA Energy, Inc. (the "Company") and the Reporting Person entered into an agreement whereby the Company agreed to exchange shares of non-voting stock of the Subsidiaries held by the Reporting Person (the "Subsidiary Shares") for up to 581,699 shares of the Company's common stock, par value $0.01 per share. The Subsidiary Shares held by the Reporting Person will be exchanged in 12 equal quarterly installments commencing June 29, 2012, and each such exchange shall be made without regard to the then-current market price of the Company's common stock. Under certain circumstances,the Reporting Person may elect to receive cash in lieu of Company common stock for up to 1/3 of the shares. The exchange rights have no expiration date.