van Houweninge Mathijs 5
5 · Blackwater Midstream Corp. · Filed Apr 27, 2012
Insider Transaction Report
Form 5
van Houweninge Mathijs
Director
Transactions
- Exercise/Conversion
Common Stock
2011-12-21$0.42/sh+420,168$176,471→ 1,561,654 total - Tax Payment
Stock Options (Right to Buy)
2011-12-21$0.17/sh−285,714$48,571→ 0 totalExercise: $0.17From: 2011-12-21Exp: 2012-01-01→ Common Shares (705,882 underlying) - Exercise/Conversion
Stock Options (Right to Buy)
2011-12-21$0.17/sh−420,168$71,429→ 0 totalExercise: $0.17From: 2011-12-21Exp: 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 21, 2011 reporting person exercised 705,882 options at $0.17 per share = $120,000; in an authorized cashless transaction. The cashless transaction resulted in the surrender of 285,714 common shares based on the closing per share price of $0.42 as of December 21, 2011 = $120,000, and the resulting issuance of 420,168 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 21, 2011 reporting person exercised 705,882 options at $0.17 per share = $120,000; in an authorized cashless transaction. The cashless transaction resulted in the surrender of 285,714 common shares based on the closing per share price of $0.42 as of December 21, 2011 = $120,000, and the resulting issuance of 420,168 common shares.