BROWN CLARENCE H 4
4 · Forestar Petroleum Corp · Filed Sep 28, 2012
Insider Transaction Report
Form 4
BROWN CLARENCE H
Director
Transactions
- Disposition to Issuer
Common Stock
2012-09-28$14.50/sh−61,830$896,535→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Options Right to Buy
2012-09-28−29,250→ 0 totalExercise: $5.93From: 2012-09-28Exp: 2013-06-13→ Common Stock (0 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger ("Merger Agreement") between issuer, Forestar Group Inc. ("Forestar") and Longhorn Acquisition Inc., a wholly owned subsidiary of Forestar pursuant to which the reporting person received $14.50 per share.
- [F2]61,830 shares held by a trust, of which the reporting person is a beneficiary.
- [F3]The options were disposed of pursuant to the Merger Agreement. The 29,250 options fully vested upon the merger at a price of $14.50 (merger consideration) minus the exercise price of $5.93 for a merger consideration total price of $8.57 per share.