Jeffers Kenneth 4
4 · HOUSTON AMERICAN ENERGY CORP · Filed Jun 13, 2012
Insider Transaction Report
Form 4
Jeffers Kenneth
Senior VP of Exploration
Transactions
- Award
Stock Option (Right to Buy)
2012-06-11+300,000→ 300,000 totalExercise: $1.65From: 2012-12-11Exp: 2022-06-11→ Common Stock (300,000 underlying)
Holdings
- 21,000
Common Stock
- 150,000
Stock Option (Right to Buy)
Exercise: $8.87From: 2011-08-13Exp: 2010-08-13→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]15,000 of the shares held were issued pursuant to a Restricted Stock Agreement in June 2011 and are subject to a three vesting requirement with unvested shares subject to forfeiture in the event of termination of employment.
- [F2]Option vests in 1/3 increments on each of the first 3 anniversaries of the grant date. The date exercisable is the first vesting date.
- [F3]The options vest on grant. 107,250 options are exercisable 6 months from the grant date and 192,750 options are exercisable on and after shareholder approval of amendment to the Company's 2008 Equity Incentive Plan to increase the shares reserved under the Plan to facilitate exercise.