JOSEY SCOTT D 4
4 · APACHE CORP · Filed Mar 20, 2013
Insider Transaction Report
Form 4
APACHE CORPAPA
JOSEY SCOTT D
Director
Transactions
- Exercise/Conversion
Restricted Stock / Units
2013-03-18−1,140→ 0 totalExercise: $0.00→ Common Stock (1,140 underlying) - Exercise/Conversion
Common Stock
2013-03-18+1,140→ 48,970 total - Disposition to Issuer
Common Stock
2013-03-18$75.68/sh−456$34,510→ 48,514 total
Footnotes (4)
- [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]In connection with the reporting person's resignation from Apache's board of directors, vesting as of 03/15/2013 of restricted stock units granted to Apache's non-employee directors under 2011 Omnibus Equity Compensation Plan. Information provided by plan administrator on 03/18/2013.
- [F3]This transaction is not a sale. Exempt disposition to issuer of portion of restricted stock units payable in cash upon vesting. The 2011 Omnibus Equity Compensation Plan contained such provisions when approved by stockholders in May 2011, and the restricted stock units contained such terms when granted under such plan. Of the total 1,140 restricted stock units that vested as of 03/15/2013, 60% (684 restricted stock units) is payable in Apache common stock and 40% (456 restricted stock units) is payable in cash and is characterized in this report as a disposition to the issuer. Information provided by plan administrator on 03/18/2013.
- [F4]One share of Apache common stock for each restricted stock unit.