CHENIERE ENERGY INC 4
4 · CHENIERE ENERGY INC · Filed May 30, 2007
Insider Transaction Report
Form 4
Gorte David B
Sr. VP & Chief Risk Officer
Transactions
- Award
Phantom Stock
2007-05-25+37,000→ 37,000 totalExp: 2010-12-31→ Common Stock (37,000 underlying) - Award
Phantom Stock
2007-05-25+111,000→ 111,000 totalExp: 2010-12-31→ Common Stock (111,000 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of Cheniere Energy, Inc. Common Stock, and is payable in cash or in Cheniere Common Stock if the average closing stock price of $33.57 is achieved as reported on the American Stock Excahnge for the last 20 trading days of the earliest of 2007, 2008, 2009 or 2010.
- [F2]Each share of phantom stock is the economic equivalent of one share of Cheniere Energy, Inc. Common Stock, and one-third of the phantom stock is payable in cash or in Cheniere Common Stock if the following average closing stock prices are achieved as reported on the American Stock Exchange for the last 20 trading days of the designated performance period ending Dec. 31, 2008, 2009 or 2010, or any future performance period. The stock prices to be achieved for performance periods are: 2008 - $42.00; 2009 - $50.00; 2010 - $60.00.