GIBBS WILLIAM C 4
4 · COLOMBIA ENERGY RESOURCES, INC. · Filed May 30, 2012
Insider Transaction Report
Form 4
GIBBS WILLIAM C
Director
Transactions
- Award
Restricted Stock Units
2012-05-30+83,333→ 169,033 totalExercise: $0.00→ Common Stock (83,333 underlying)
Holdings
- 50,000
Options
Exercise: $2.50From: 2011-03-01Exp: 2016-03-01→ Common Stock (50,000 underlying) - 13,749
Common Stock
- 85,700
Restricted Stock Units
Exercise: $0.00→ Common Stock (35,700 underlying)
Footnotes (3)
- [F1]Vesting: 3 years, 25% immediate and 25% on each anniversary for 3 years
- [F2]The restricted stock units ("RSUs")vested on May 8, 2012 and will expire at end of the director's term. If the director resigns for cause or is removed for cause before the end of his term, the RSUs would lapse. However, if the director resigns for health or other appropriate reasons, his RSUs would vest immediately. The director is not permitted to sell the vested shares until he is no longer a director.
- [F3]The restricted stock units ("RSUs") will vest on the date of the 2013 annual meeting of stockholders and will expire at end of the director's term. If the director resigns for cause or is removed for cause before the end of his term, the RSUs would lapse. However, if the director resigns for health or other appropriate reasons, his RSUs would vest immediately. The director is not permitted to sell the vested shares until he is no longer a director.