Lone Pine Resources Inc. 4
4 · Lone Pine Resources Inc. · Filed Jun 24, 2013
Insider Transaction Report
Form 4
Axani Douglas W
Vice President, Exploration
Transactions
- Exercise/Conversion
Phantom Stock Units
2013-06-22−10,727→ 10,727 totalFrom: 2012-06-22Exp: 2014-06-22→ Common Stock (10,727 underlying) - Exercise/Conversion
Common Stock
2013-06-22+10,727→ 59,131 total - Disposition to Issuer
Common Stock
2013-06-22$0.37/sh−10,727$3,969→ 48,404 total
Holdings
- 42,036
Incentive Stock Option (right to buy)
Exercise: $6.94Exp: 2017-01-12→ Common Stock (42,036 underlying) - 209,487
Phantom Stock Units
Exp: 2015-12-15→ Common Stock (209,487 underlying)
Footnotes (4)
- [F1]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.
- [F2]The option vests in three equal annual installments beginning on January 12, 2013.
- [F3]This award vests in three equal annual installments, commencing on December 15, 2013.
- [F4]Each share of phantom stock is the economic equivalent of one share of Lone Pine Resources Inc. common stock and will be settled solely in cash.