4//SEC Filing
TOUFEEQ IMRAN 4
Accession 0001292850-11-000093
CIK 0000833081other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 7:21 PM ET
Size
28.4 KB
Accession
0001292850-11-000093
Insider Transaction Report
Form 4
TOUFEEQ IMRAN
SVP - Ops, Asset Mgmt. & Eng.
Transactions
- Disposition to Issuer
Common Stock
2011-05-31−145,089→ 0 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2011-05-31−15,206→ 0 totalExp: 2013-03-15→ Common Stock (20,224 underlying) - Disposition to Issuer
Stock Options (right to purchase)
2011-05-31−23,107→ 0 totalExercise: $32.18Exp: 2018-01-02→ Common Stock (23,107 underlying) - Exercise/Conversion
Common Stock
2011-05-31+51,728→ 184,984 total - Disposition to Issuer
Stock Options (right to purchase)
2011-05-31−17,248→ 0 totalExercise: $16.40Exp: 2019-01-02→ Common Stock (17,248 underlying) - Disposition to Issuer
Stock Options (right to purchase)
2011-05-31−56,653→ 0 totalExercise: $32.47Exp: 2021-01-03→ Common Stock (56,653 underlying) - Disposition to Issuer
Stock Options (right to purchase)
2011-05-31−17,095→ 0 totalExercise: $31.36Exp: 2016-02-09→ Common Stock (17,095 underlying) - Disposition to Issuer
Stock Options (right to purchase)
2011-05-31−25,198→ 0 totalExercise: $26.75Exp: 2017-01-03→ Common Stock (25,198 underlying) - Disposition to Issuer
Stock Options (right to purchase)
2011-05-31−55,256→ 0 totalExercise: $29.60Exp: 2020-01-29→ Common Stock (55,256 underlying) - Exercise/Conversion
Performance-Based Restricted Stock Units
2011-05-31−23,336→ 0 totalExp: 2014-03-15→ Common Stock (31,504 underlying) - Tax Payment
Common Stock
2011-05-31$41.76/sh−39,895$1,666,015→ 145,089 total
Footnotes (12)
- [F1]The total number of shares beneficially owned by the reporting person includes 362 shares that were purchased through the employee stock purchase plan for the period beginning on January 1, 2011 and ending on May 20, 2011.
- [F10]The options vest in three equal annual installments beginning on January 2, 2010.
- [F11]The options vest in three equal annual installments beginning on January 29, 2011.
- [F12]The options vest in three equal annual installments beginning on January 3, 2012.
- [F2]The reporting person disposed of these shares directly to the issuer upon the vesting of previously awarded restricted stock. The purpose of the disposition was to enable the reporting person to satisfy tax withholding obligations that arose upon such vesting, which will be paid by the issuer to the Internal Revenue Service in cash.
- [F3]The reporting person dispoosed of these shares pursuant to the Agreement and Plan of Merger, dated as of February 6, 2011, as amended (the "Merger Agreement"), among Pride International, Inc. ("Pride"), Ensco plc ("Ensco"), ENSCO International Incorporated and ENSCO Ventures LLC, in exchange for $15.60 in cash and 0.4778 American Depositary Shares, representing Class A ordinary shares of Ensco (each an "Ensco ADS"), per share of Pride common stock. Any fractional shares will be paid in cash.
- [F4]The performance-based restricted stock units generally vest as to one-third annually over a three-year period in an amount ranging from 0-150% of the units awarded based upon company total shareholder return compared with the total shareholder return of a designated peer group over a performance period corresponding to the vesting periods. The units generally provide for payment of all earned shares in common stock following the end of the three-year period. In connection with the merger, all performance-based restricted stock units fully vest and earned shares are paid.
- [F5]Share amounts and exercise price reflect an anti-dilution adjustment made in connection with the August 24, 2009 spin-off of Seahawk Drilling, Inc.
- [F6]The options vested in four equal annual installments beginning on February 9, 2007.
- [F7]Pursuant to the Merger Agreement, Pride stock options fully vest and are assumed by Ensco in the merger and replaced with options to purchase Ensco ADSs, with the same terms and conditions as the original Pride stock options, except that (i) the number of Ensco ADSs purchasable upon exercise of each assumed option is equal to the number of shares of Pride common stock that were purchasable multiplied by 0.7617 and rounded down to the nearest whole Ensco ADS and (ii) the per share exercise price under such assumed option was adjusted by dividing the per share exercise price under such Pride stock option by 0.7617 and rounding up to the nearest whole cent.
- [F8]The options vested in four equal annual installments beginning on January 3, 2008.
- [F9]The options vest in four equal annual installments beginning on January 2, 2009.
Documents
Issuer
PRIDE INTERNATIONAL INC
CIK 0000833081
Entity typeother
Related Parties
1- filerCIK 0001284412
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 7:21 PM ET
- Size
- 28.4 KB