Hebert Eddie J 4
4 · SARATOGA RESOURCES INC /TX · Filed Jul 19, 2010
Insider Transaction Report
Form 4
Hebert Eddie J
Vice President - Finance
Transactions
- Award
Stock Option (Right to Buy)
2010-07-15+100,000→ 100,000 totalExercise: $1.71From: 2011-07-15Exp: 2020-07-15→ Common Stock (100,000 underlying)
Holdings
- 150,000
Stock Option (Right to Buy)
Exercise: $3.00From: 2010-04-14Exp: 2020-04-14→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]The option vests and becomes exercisable with respect to 100,000 shares on confirmation of Saratoga's plan of reorganization and exit of Saratoga from bankruptcy (May 14, 2010). The option vests and becomes exercisable with respect to 50,000 shares on the later of exit from bankruptcy or September 1, 2010.
- [F2]The option vests and becomes exercisable as to 33,333 shares on July 15, 2011, as to 33,333 shares on July 15, 2012 and as to 33,334 shares on July 15, 2013.