GRAN TIERRA ENERGY INC. 4
4 · GRAN TIERRA ENERGY INC. · Filed Sep 3, 2014
Insider Transaction Report
Form 4
Nightingale Duncan
Pres., GTE Colombia
Transactions
- Award
Common Stock
2014-09-01+27,500→ 69,167 total - Award
Stock Option (Rt to Buy)
2014-09-01+70,000→ 70,000 totalExercise: $6.71Exp: 2019-08-31→ Common Stock (70,000 underlying)
Footnotes (3)
- [F1]Reflects the receipt of a restricted stock unit. Each restricted stock unit represents a contingent right to receive one (1) share of Gran Tierra Energy Inc. common stock. The restricted stock units shall vest in three equal consecutive annual installments on September 1, 2015, September 1, 2016 and September 1, 2017, until fully vested.
- [F2]Stock option was granted on September 1, 2014 which was a holiday in the United States and Canada. The exercise price reflected above was determined in accordance with the plan under which it was granted using the last closing price on the day of trading prior to the grant date which was August 29, 2014.
- [F3]The option shares shall vest in three equal consecutive annual installments on September 1, 2015, September 1, 2016 and September 1, 2017, until fully vested.