Lone Pine Resources Inc. 4
4 · Lone Pine Resources Inc. · Filed Jun 7, 2013
Insider Transaction Report
Form 4
Burke Lyle H.
VP New Ventures & Technology
Transactions
- Exercise/Conversion
Common Stock
2013-06-06+21,454→ 54,544 total - Exercise/Conversion
Phantom Stock Units
2013-06-06−21,454→ 0 totalFrom: 2012-11-21Exp: 2014-11-21→ Common Stock (21,454 underlying) - Exercise/Conversion
Common Stock
2013-06-06+209,487→ 264,031 total - Disposition to Issuer
Common Stock
2013-06-06$0.51/sh−209,487$106,838→ 54,544 total - Disposition to Issuer
Common Stock
2013-06-06$0.51/sh−21,454$10,942→ 33,090 total - Tax Payment
Common Stock
2013-06-06$0.51/sh−5,510$2,810→ 27,580 total - Exercise/Conversion
Phantom Stock Units
2013-06-06−209,487→ 0 totalFrom: 2013-06-06Exp: 2015-12-15→ Common Stock (209,487 underlying)
Footnotes (3)
- [F1]Pursuant to phantom stock unit agreements between the Issuer and the Reporting Person dated November 21, 2011 and January 15, 2013, the forfeiture restrictions lapsed upon the Reporting Person's termination from the Issuer on June 6, 2013.
- [F2]Each phantom stock unit is the economic equivalent of one share of Lone Pine Resources Inc. common stock and was settled solely in cash. No amount was paid to convert or acquire the proceeds of the derivative security.
- [F3]Satisfaction of a tax liability by withholding shares incident to the vesting of a phantom stock unit award on June 6, 2013 upon the Reporting Person's termination from the Issuer on June 6, 2013.