Omagine, Inc. 4
4 · Omagine, Inc. · Filed Jan 7, 2015
Insider Transaction Report
Form 4
Omagine, Inc.OMAG
Drohan Frank J
DirectorPresident & CEO10% Owner
Transactions
- Award
Common Stock
2015-01-05+15,299→ 1,894,976 total - Award
Common Stock Purchase Options
2014-12-29+500,000→ 1,350,000 total→ Common Stock (500,000 underlying)
Footnotes (5)
- [F1]The Reporting Person was issued 15,299 restricted Shares of Common Stock on January 5, 2015 pursuant to a Board of Directors resolution. The Shares were valued at $31,976 and represent the Company's 2015 contribution for the benefit of the Reporting Person to the Omagine, Inc. 401(k) Plan.
- [F2]All 500,000 Options are exercisable at an exercise price of $2.55 per Share and have a cashless exercise feature.
- [F3]The Reporting Person was granted 500,000 Common Stock Purchase Options pursuant to a Board of Directors resolution dated December 29, 2014.
- [F4]All 500,000 Options vested on the grant date, December 29, 2014.
- [F5]Any unexercised Options expire on December 31, 2015.