ENCORE ACQUISITION CO 4
4 · ENCORE ACQUISITION CO · Filed Mar 9, 2010
Insider Transaction Report
Form 4
Nivens L Ben
SVP and COO
Transactions
- Disposition to Issuer
Options to purchase Common Stock
2010-03-09$18.90/sh−5,705$107,824→ 0 totalExercise: $31.10From: 2009-02-15Exp: 2016-02-15→ Common Stock (5,705 underlying) - Disposition to Issuer
Options to purchase Common Stock
2010-03-09$24.27/sh−7,060$171,346→ 0 totalExercise: $25.73From: 2010-02-12Exp: 2017-02-12→ Common Stock (7,060 underlying) - Tax Payment
Common Stock
2010-03-09$51.65/sh−7,677$396,517→ 86,166 total - Disposition to Issuer
Options to purchase Common Stock
2010-03-09$19.45/sh−16,828$327,305→ 0 totalExercise: $30.55Exp: 2019-02-09→ Common Stock (16,828 underlying) - Disposition to Issuer
Options to purchase Common Stock
2010-03-09$23.45/sh−642$15,057→ 0 totalExercise: $26.55From: 2008-02-14Exp: 2015-02-14→ Common Stock (642 underlying) - Disposition to Issuer
Options to purchase Common Stock
2010-03-09$24.27/sh−6,381$154,867→ 0 totalExercise: $25.73From: 2010-02-12Exp: 2017-02-12→ Common Stock (6,381 underlying) - Disposition to Issuer
Common Stock
2010-03-09−40,510→ 45,656 total - Disposition to Issuer
Common Stock
2010-03-09−45,656→ 0 total - Disposition to Issuer
Options to purchase Common Stock
2010-03-09−809→ 0 totalExercise: $13.61From: 2006-11-21Exp: 2013-11-21→ Common Stock (809 underlying) - Disposition to Issuer
Options to purchase Common Stock
2010-03-09$19.45/sh−6,546$127,320→ 0 totalExercise: $30.55Exp: 2019-02-09→ Common Stock (6,546 underlying) - Disposition to Issuer
Options to purchase Common Stock
2010-03-09−296→ 0 totalExercise: $12.40From: 2005-11-22Exp: 2012-11-22→ Common Stock (296 underlying)
Footnotes (4)
- [F1]The shares were disposed of pursuant to the merger agreement between the issuer and Denbury Resources Inc. in exchange for aggregate consideration of $50 per share (which may consist of cash, Denbury stock or a combination thereof) as provided for in the merger agreement.
- [F2]Pursuant to the merger agreement, the shares converted into a number of restricted shares of Denbury common stock determined by multiplying (i) the number of shares by (ii) the exchange ratio used in determining the consideration payable to Encore stockholders who elected to receive only common stock consideration.
- [F3]This option, which provided for vesting in three equal annual installments beginning on February 9, 2010, was converted into a cash payment representing the product of the number of shares subject to the option and the difference between the aggregate consideration per share provided for in the merger agreement and the exercise price of the option.
- [F4]This option was converted into a cash payment representing the product of the number of shares subject to the option and the difference between the highest price per share paid within 60 days prior to the merger and the exercise price of the option.