Gulf United Energy, Inc. 4
4 · Gulf United Energy, Inc. · Filed Nov 22, 2011
Insider Transaction Report
Form 4
Gulf United Energy, Inc.GLFE.OB
CONNALLY JOHN B III
DirectorPresident and CEO10% Owner
Transactions
- Award
COMMON STOCK
2011-07-11+600,000→ 44,550,000 total - Award
NON-QUALIFIED STOCK OPTION
2011-07-11+1,500,000→ 1,500,000 totalExercise: $0.32From: 2012-07-11Exp: 2016-07-11→ COMMON STOCK (1,500,000 underlying)
Footnotes (2)
- [F1]On July 11, 2011, the Issuer's Compensation Committee awarded 600,000 restricted shares of the Issuer's common stock as additional compensation to the Reporting Person pursuant to its 2011 Stock Option Plan. The restricted shares vest 1/3 each year beginning on the first anniversary of the grant date.
- [F2]Vests 1/3 each year beginning on the first anniversary of the grant date.