4//SEC Filing
COLOMBIA ENERGY RESOURCES, INC. 4
Accession 0001441557-12-000066
CIK 0001045390operating
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 12:44 PM ET
Size
10.0 KB
Accession
0001441557-12-000066
Insider Transaction Report
Form 4
GIBBS WILLIAM C
Director
Transactions
- Award
Common Stock
2012-08-01$0.45/sh+11,194$5,000→ 35,735 total
Holdings
- 85,700
Restricted Stock Units
Exercise: $0.00→ Common Stock (35,700 underlying) - 24,541
Common Stock
- 50,000
Options
Exercise: $2.50Exp: 2016-03-01→ Common Stock (50,000 underlying) - 169,033
Restricted Stock Units
Exercise: $0.00→ Common Stock (83,333 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.
Documents
Issuer
COLOMBIA ENERGY RESOURCES, INC.
CIK 0001045390
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001045390
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 12:44 PM ET
- Size
- 10.0 KB