LILLY PETER B 4
4 · COLOMBIA ENERGY RESOURCES, INC. · Filed Jul 3, 2012
Insider Transaction Report
Form 4
LILLY PETER B
Director
Transactions
- Award
Common Stock
2012-07-01$4000.00/sh+10,792$43,168,000→ 12,792 total
Holdings
- 85,700
Restricted Stock Units
Exercise: $0.00→ Common Stock (35,700 underlying) - 169,033
Restricted Stock Units
Exercise: $0.00→ Common Stock (83,333 underlying) - 2,000
Common Stock
- 50,000
Options
Exercise: $2.50Exp: 2016-08-24→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]The options shall have a three year vesting period, with 25 % vesting immediately and 25% vesting on the next three anniversaries of appointment.
- [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.