HOUSTON AMERICAN ENERGY CORP 4
4 · HOUSTON AMERICAN ENERGY CORP · Filed Sep 2, 2016
Insider Transaction Report
Form 4
Grimes R. Keith
Director
Transactions
- Purchase
Common Stock
2016-09-02$0.20/sh+30,000$5,901→ 30,000 total
Holdings
- 25,000
Stock Option (Right to Buy)
Exercise: $1.18From: 2013-01-02Exp: 2022-07-02→ Common Stock (25,000 underlying) - 50,000
Stock Option (Right to Buy)
Exercise: $0.20From: 2015-12-09Exp: 2025-06-09→ Common Stock (50,000 underlying) - 50,000
Stock Option (Right to Buy)
Exercise: $0.41From: 2014-12-10Exp: 2024-06-10→ Common Stock (50,000 underlying) - 150,000
Stock Option (Right to Buy)
Exercise: $0.22From: 2017-06-07Exp: 2026-06-07→ Common Stock (150,000 underlying) - 25,000
Stock Option (Right to Buy)
Exercise: $0.31From: 2013-12-11Exp: 2023-06-11→ Common Stock (25,000 underlying) - 50,000
Stock Option (Right to Buy)
Exercise: $0.22From: 2016-12-07Exp: 2026-06-07→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The options were granted on June 7, 2016 and are exercisable six months from the date of grant, subject to vesting. The options vest 20% on the date of grant and 80% nine months from the grant date.
- [F2]The options were granted on June 7, 2016 and are exercisable six months from the date of grant, subject to vesting. The options vest (a) 50% on the earlier of (i) June 7, 2017, or (ii) the day prior to the next annual shareholders' meeting, and (b) 50% on the earlier of (i) June 7, 2018, or (ii) the day prior to the second annual shareholders' meeting following the grant date; provided that (c) all unvested options will vest upon completion of a transaction(s) involving the issuance of equity securities providing not less than $2 million of additional shareholders' equity.