Sigsbey Eric Eugene 4
4 · BRIGHAM EXPLORATION CO · Filed May 28, 2009
Insider Transaction Report
Form 4
Sigsbey Eric Eugene
General Counsel
Transactions
- Award
Incentive Stock Options
2009-05-28$2.20/sh+40,000$88,000→ 80,000 totalExercise: $2.20From: 2010-04-22Exp: 2019-04-22→ Common Stock, par value $.01 (40,000 underlying)
Footnotes (2)
- [F1]Employee incentive stock options granted pursuant to the 1997 Incentive Plan under resolutions passed by the Company's Compensation Committee on April 22, 2009. As there were not enough shares available under the Company's 1997 Incentive Plan on April 22, 2009, the grant was made conditioned upon Company shareholder approval to add the necessary shares to the 1997 Incentive Plan at the next shareholder meeting. By vote, the shareholders' approved the addition of the necessary shares at the shareholder meeting on May 28, 2009.
- [F2]The stock options vest in 5 consecutive equal annual installments beginning one year from the date of the grant, with final vesting on 4/22/2014.