APACHE CORP 4
4 · APACHE CORP · Filed Jan 3, 2007
Insider Transaction Report
Form 4
APACHE CORPAPA
PRECOURT JAY A
Director
Transactions
- Award
Common Stock
2006-12-31$66.73/sh+37$2,469→ 5,734 total
Footnotes (2)
- [F1]The shares of common stock of Apache are deemed to also represent certain preferred stock purchase rights ('Rights'). The Rights are not currently exercisable or separately tradable and presently are evidenced by certificates for shares of the common stock. Value attributable to such Rights, if any, is reflected in the market price of the common stock.
- [F2]Exempt acquisition pursuant to Rule 16b-3(d). Each calendar quarter, $2,500 of board retainer paid in shares of Apache common stock, pursuant to Apache's Non-Employee Directors' Compensation Plan. The number of shares is determined by dividing $2,500 by the per share closing price of Apache common stock as reported on The New York Stock Exchange, Inc. Composite Transactions Reporting System for the trading day prior to the last trading day of the calendar quarter, with any fractional shares paid in cash.