Sawyer William Alexander 4
4 · LUCAS ENERGY, INC. · Filed Aug 8, 2011
Insider Transaction Report
Form 4
LUCAS ENERGY, INC.AMEX:LEI
Sawyer William Alexander
DirectorPresident & CEO
Transactions
- Purchase
Common Stock
2011-08-08$1.96/sh+1,000$1,960→ 368,446 total - Purchase
Common Stock
2011-08-05$2.18/sh+3,000$6,540→ 367,446 total
Holdings
- 224,000
Stock Options
Exercise: $2.07From: 2011-03-31Exp: 2020-10-07→ Common Stock (24,000 underlying) - 224,000
Stock Options
Exercise: $4.05From: 2012-04-01Exp: 2016-04-01→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]On October 7, 2010, the Issuer's Board of Directors approved the issuance to Mr. Sawyer of 17,500 shares of common stock under the Issuer's 2010 Long Term Incentive Plan (the "Plan") in the event the net production of the Issuer averages over 10,000 barrels of oil per month for a period of six months (which shares have not been issued or earned by Mr. Sawyer to date, and therefore have not been included in the table above).
- [F2]Represents the date that last portion of the Stock Option vested to Mr. Sawyer.
- [F3]Effective April 1, 2011, the Issuer's Board of Directors approved the grant to Mr. Sawyer of 200,000 options to purchase shares of common stock of the Issuer in consideration for services to be rendered to the Issuer during the April 1, 2011 to March 31, 2015 fiscal years as the Chief Executive Officer of the Issuer, which options had an exercise price of $4.05 per share and vest in tranches of 1/4th of such options per year pursuant to the Plan. The disclosure in the table above only discloses the date the first tranche is exercisable.