4//SEC Filing
MAGELLAN PETROLEUM CORP /DE/ 4
Accession 0001209191-14-058795
CIK 0000061398operating
Filed
Sep 18, 8:00 PM ET
Accepted
Sep 19, 4:52 PM ET
Size
8.2 KB
Accession
0001209191-14-058795
Insider Transaction Report
Form 4
PHARO MILAM RANDOLPH
VP-GENERAL COUNSEL; SECRETARY
Transactions
- Exercise/Conversion
Common Stock
2014-09-17$1.13/sh+166,666$188,333→ 216,054 total - Exercise/Conversion
Non-qualified stock option (right to buy)
2014-09-17−166,666→ 0 totalExercise: $1.13From: 2011-11-30→ Common Stock (166,666 underlying)
Footnotes (3)
- [F1]On September 17, 2014, the reporting person exercised the remaining 166,666 non-qualified stock options that were previously awarded to the reporting person pursuant to a Rule 16b-3(d) grant by the issuer on November 30, 2011 of non-qualified options to acquire a total of 500,000 shares of the issuer's common stock. As a result of the reporting person's retirement from employment with the issuer in September 2012, the 166,666 options were scheduled to expire in September 2014.
- [F2]The price for the acquisition of the shares from the issuer pursuant to the exercise of the options was paid in cash by the reporting person for all 166,666 shares, pursuant to the underlying nonqualified stock option award and subscription agreement between the issuer and the reporting person, and did not involve any subsequent sale of shares acquired pursuant to the option exercise.
- [F3]As a result of the reporting person's retirement from employment with the issuer in September 2012, a total of 333,334 options did not vest and were cancelled. The remaining 166,666 options have been exercised as reported herein.
Documents
Issuer
MAGELLAN PETROLEUM CORP /DE/
CIK 0000061398
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000061398
Filing Metadata
- Form type
- 4
- Filed
- Sep 18, 8:00 PM ET
- Accepted
- Sep 19, 4:52 PM ET
- Size
- 8.2 KB