Whitney Herbert N 5
5 · Blackwater Midstream Corp. · Filed Apr 27, 2012
Insider Transaction Report
Form 5
Whitney Herbert N
Director
Transactions
- Exercise/Conversion
Common Stock
2011-12-22$0.42/sh+182,072$76,470→ 472,709 total - Tax Payment
Stock Options ( Right to Buy)
2011-12-22$0.17/sh−123,810$21,048→ 429,244 totalExercise: $0.17From: 2011-12-22Exp: 2012-01-01→ Common Shares (705,882 underlying) - Exercise/Conversion
Stock Options ( Right to Buy)
2011-12-22$0.17/sh−182,072$30,952→ 0 totalExercise: $0.17From: 2011-12-22Exp: 2012-01-01→ Common Shares (705,882 underlying)
Footnotes (2)
- [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 December 22, 2011 reporting person exercised 305,882 options at $0.17 per share = $52,000, in an authorized cashless transaction. The cashless transaction resulted in the surrender of 123,810 common shares based on the closing per share price of $0.42 as of December 22, 2011 = $52,000, and the resulting issuance of 182,072 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 December 22, 2011 reporting person exercised 305,882 options at $0.17 per share = $52,000; in an authorized cashless transaction. The cashless transaction resulted in the surrender of 123,810 common shares based on the closing per share price of $0.42 as of December 22, 2011 = $52,000, and the resulting issuance of 182,072 common shares.