DAYBREAK OIL & GAS INC 4
4 · DAYBREAK OIL & GAS INC · Filed Jul 20, 2009
Insider Transaction Report
Form 4
LAVIGNE DALE B
Director
Transactions
- Award
Common Stock ($0.001 par value)
2009-07-16$0.12/sh+5,000$600→ 1,027,555 total
Footnotes (1)
- [F1]Restricted shares were granted on July 16, 2009, pursuant to the Non-Employee Director Compensation Plan, which requires each non-employee director receive 5,000 restricted shares annually, granted in conjunction with the Company's Annual Meeting of Shareholders, and pursuant to the Company's 2009 Restricted Stock and Restricted Stock Unit Plan. These restricted shares are restricted from sale or transfer until fully vested. Generally, these restricted shares fully vest, and restrictions are terminated, in three equal annual installments beginning on the first anniversary of the date of grant as set forth in the award agreement.