MCMORAN EXPLORATION CO /DE/ 4
4 · MCMORAN EXPLORATION CO /DE/ · Filed Nov 6, 2007
Insider Transaction Report
Form 4
AMATO JOHN G
General Counsel
Transactions
- Purchase
6 3/4% Mandatory Convertible Preferred Stock
2007-11-02$100.00/sh+6,000$600,000→ 6,000 totalExp: 2010-11-15→ Common Stock (40,322 underlying)
Footnotes (2)
- [F1]Prior to November 15, 2010, the mandatory conversion date, each share of 6 3/4% Mandatory Convertible Preferred Stock is convertible into 6.7204 shares of Issuer Common Stock, subject to applicable anti-dilution adjustments. On November 15, 2010, each share of 6 3/4% Mandatory Convertible Preferred Stock will automatically convert into (i) 6.7204 shares of Issuer Common Stock if the per share price of Issuer Common Stock is greater than $14.88, (ii) 8.0645 shares of Issuer Common Stock if the per share price of Issuer Common Stock is less than $12.40, or (iii) the number of shares of Issuer Common Stock obtained by dividing $100.00 by the per share price of Issuer Common Stock if such price is greater than or equal to $12.40 and less than or equal to $14.88.
- [F2]Convertible immediately upon issuance at the Reporting Person's election.