Stovash Ronald G. 4
4 · COLOMBIA ENERGY RESOURCES, INC. · Filed Apr 5, 2012
Insider Transaction Report
Form 4
Stovash Ronald G
DirectorChief Executive Officer
Transactions
- Purchase
Common Stock
2012-04-03$1.25/sh+2,000$2,500→ 52,000 total - Purchase
Common Stock
2012-04-04$1.30/sh+2,000$2,600→ 54,000 total
Holdings
- 50,000(indirect: By LLC)
Common Stock
- 500,000
Options
Exercise: $5.00From: 2011-09-23Exp: 2016-09-28→ Common Stock (250,000 underlying) - 537,800
Options
Exercise: $1.70From: 2012-03-07Exp: 2017-03-07→ Common Stock (37,800 underlying) - 250,000
Options
Exercise: $2.50From: 2011-09-23Exp: 2016-09-28→ Common Stock (250,000 underlying)
Footnotes (4)
- [F1]Mr. Stovash is a 1/3 member of Ashdale Associates, LLC, a West Virginia limited liability company that beneficially owns 50,000 shares of common stock of the Issuer. Ronald G. Stovash disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
- [F2]50,000 shares held by Ashdale Associates, LLC of which Mr. Stovash is a 1/3 member. Ronald G. Stovash disclaims beneficial ownership of such shares of common stock except to the extent of his pecuniary interest therein.
- [F3]Vesting: 3 years, 25% immediate and 25% on each anniversary for 3 years.
- [F4]One-third vest immediately with one-third on each of the next two calendar year ends, provided that Mr. Stovash remains an employee of the Company during the vesting period.