Whitney Herbert N 4
4 · Blackwater Midstream Corp. · Filed Dec 1, 2011
Insider Transaction Report
Form 4
Whitney Herbert N
Director
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2011-11-17$0.17/sh−122,727$20,864→ 305,882 totalExercise: $0.17From: 2011-11-17Exp: 2012-01-01→ Common Shares (705,882 underlying) - Exercise/Conversion
Common Stock
2011-11-17$0.44/sh+122,727$54,000→ 290,637 total - Tax Payment
Stock Options (Right to Buy)
2011-11-17$0.17/sh−77,273$13,136→ 428,609 totalExercise: $0.17From: 2011-11-17Exp: 2012-01-01→ Common Shares (705,882 underlying)
Footnotes (3)
- [F1]Pursuant to a stock option grant in April 2009, in consideration for services rendered as a member of the issuer's Board of Directors, on November 17, 2011 reporting person exercised 200,000 options at $0.17 per share = $34,000; in an authorized cashless transaction. The cashless transaction resulted in the surrender of 77,273 common shares based on the closing per share price of $0.44 as of November 17, 2011 = $34,000, and the resulting issuance of 122,727 common shares.
- [F2]Pursuant to a stock option grant in April 2009, in consideration for services rendered as a member of the issuer's Board of Directors, on November 17, 2011 reporting person exercised 200,000 options at $0.17 per share = $34,000; in an authorized cashless transaction. The cashless transaction resulted in the surrender of 77,273 common shares based on the closing per share price of $0.44 as of November 17, 2011 = $34,000, and the resulting issuance of 122,727 common shares.
- [F3]Pursuant to a stock option grant in April 2009, in consideration for services rendered as a member of the issuer's Board of Directors, on November 17, 2011 reporting person exercised 200,000 options at $0.17 per share = $34,000; in an authorized cashless transaction. The cashless transaction resulted in the surrender of 77,273 common shares based on the closing per share price of $0.44 as of November 17, 2011 = $34,000, and the resulting issuance of 122,727 common shares.