Cobalt International Energy, Inc. 4
4 · Cobalt International Energy, Inc. · Filed Feb 24, 2017
Insider Transaction Report
Form 4
Painter James H.
Exec. V.P., Gulf of Mexico
Transactions
- Award
Restricted Stock Units
2017-02-22+625,000→ 625,000 total→ Common Stock (625,000 underlying)
Footnotes (2)
- [F1]The reporting person was awarded the reported securities under the Issuer's 2015 Long Term Incentive Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of Common Stock, the cash equivalent of Common Stock or a combination thereof, at the Issuer's election.
- [F2]The restricted stock units will vest one-third (1/3) on each of March 15, 2018, March 15, 2019 and March 15, 2020, subject to the terms of the award agreement under the Plan.