5//SEC Filing
Drohan Frank J 5
Accession 0001299116-13-000001
CIK 0000820600other
Filed
Mar 24, 8:00 PM ET
Accepted
Mar 25, 3:26 PM ET
Size
11.9 KB
Accession
0001299116-13-000001
Insider Transaction Report
Form 5
Omagine, Inc.OMAG
Drohan Frank J
DirectorPresident & CEO10% Owner
Transactions
- Award
Common Stock
2012-05-08$34387.00/sh+22,925$788,321,975→ 1,820,673 total - Award
Common Stock Purchase Options
2012-01-02+750,000→ 850,000 total→ Common Stock (750,000 underlying) - Gift
Common Stock
2012-12-26−7,340→ 1,820,673 total - Purchase
Common Stock
2012-03-30$1.25/sh+322,730$403,413→ 1,820,673 total
Footnotes (9)
- [F1]The Reporting Person exercised 322,730 Rights on March 30, 2012 for the purchase of 322,730 shares of the Issuer's $0.001 par value Common Stock (the "Shares") at $1.25 per Share pursuant to the Company's Rights Offering.
- [F2]The exercise price for all such Rights was $1.25.
- [F3]The Reporting Person was issued 22,925 restricted Shares of Common Stock on May 8, 2012 pursuant to a Board of Directors resolution. The Shares were valued at $34,387 and represent the Company's 2012 contribution for the benefit of the Reporting Person to the Omagine, Inc. 401(k) Plan.
- [F4]The Reporting Person gifted 7,340 Shares of Common Stock to his son. The Reporting Person disclaims beneficial ownership of these 7,340 Shares held by his son.
- [F5]The transfer of all 7,340 Shares of Common Stock valued at $1.77 per Share was a bona fide gift and involved no payment in consideration.
- [F6]The Reporting Person was granted 739,000 common stock purchase options pursuant to a Board of Directors resolution dated January 2, 2012 and 11,000 additional common stock purchase options (together the "Options") pursuant to a Board of Directors resolution dated April 13, 2012.
- [F7]All 750,000 Options are exercisable at an exercise price of $1.70 per Share and have a cashless exercise feature.
- [F8]Fifty percent of all Options vested on the grant dates, January 2, 2012 and April 13, 2012, respectively, and the remaining fifty percent vested on July 1, 2012.
- [F9]Any unexercised Options expire on December 31, 2013.
Documents
Issuer
Omagine, Inc.
CIK 0000820600
Entity typeother
Related Parties
1- filerCIK 0001299116
Filing Metadata
- Form type
- 5
- Filed
- Mar 24, 8:00 PM ET
- Accepted
- Mar 25, 3:26 PM ET
- Size
- 11.9 KB