Ford Jimmy Don 5
5 · Gulf United Energy, Inc. · Filed Sep 14, 2011
Insider Transaction Report
Form 5
Gulf United Energy, Inc.GLFE.OB
Ford Jimmy Don
10% Owner
Transactions
- Award
Non-Qualified Stock Options
2011-07-11+500,000→ 500,000 totalExercise: $0.32From: 2012-07-11Exp: 2016-07-11→ Common Stock (500,000 underlying) - Award
Common Stock
2011-07-11+200,000→ 200,000 total
Holdings
- 31,800,000(indirect: See note 2)
Common Stock
Footnotes (3)
- [F1]On July 11, 2011, the Issuer's Compensation Committee awarded 200,000 restricted shares of the Issuer's common stock as additional compensation to the Reporting Person pursuant to its 2011 Stock Option Plan. The restricted shares vest 1/3 each year beginning on the first anniversary of the grant date.
- [F2]Represents shares directly owned by Rodeo Resources, LP. Rodeo Resources GP, LLC is the sole general partner of Rodeo Resources, LP. The Reporting Person is a managing member of Rodeo Resources, GP, LLC, and by virtue thereof may be deemed to be beneficial owner of securities held by Rodeo Resources GP, LLC. The Reporting Person disclaims beneficial ownership of such securities to the extent of his pecuniary interest therein.
- [F3]Vests 1/3 each year beginning on the first anniversary of the grant date.