OBOURN JEFF T 4

Accession 0001181431-04-004142

CIK 0000098410other

Filed

Jan 22, 7:00 PM ET

Accepted

Jan 23, 4:24 PM ET

Size

15.0 KB

Accession

0001181431-04-004142

Form 4

Period: 2004-01-22

Senior Vice President

Transactions

Exercise/Conversion
Options from 1987 Employee Stock Option Plan
2004-01-22−15,000→ 0 total
Exercise: $2.75From: 1994-01-25Exp: 2004-01-25→ Common Stock (15,000 underlying)
Exercise/Conversion
TPY Common Stock, $.02 par value
2004-01-22$2.75/sh+15,000$41,250→ 95,814 total
Sale
TPY Common Stock, $.02 par value
2004-01-22$3.40/sh−14,900$50,660→ 80,814 total
Sale
TPY Common Stock, $.02 par value
2004-01-22$3.48/sh−100$348→ 95,714 total

Holdings

Options from 1987 Employee Stock Option Plan
Exercise: $4.75From: 1995-10-13Exp: 2005-10-13→ Common Stock (10,000 underlying)
10,000
Options from 1987 Employee Stock Option Plan
Exercise: $3.63From: 1996-10-09Exp: 2006-10-09→ Common Stock (20,000 underlying)
20,000
Options from 1997 Long-Term Incentive Plan
Exercise: $4.38From: 1997-10-01Exp: 2007-10-01→ Common Stock (25,000 underlying)
25,000
Options from 1997 Long-Term Incentive Plan
Exercise: $2.50From: 1998-10-01Exp: 2008-10-01→ Common Stock (20,000 underlying)
20,000
TPY Warrants
Exercise: $1.81From: 2003-02-03→ Common Stock (20,000 underlying)
20,000
TPY Warrants
Exercise: $3.75From: 2001-01-30→ Common Stock (50,000 underlying)
50,000
Options from 1987 Employee Stock Option Plan
Exercise: $4.63From: 1996-01-24Exp: 2006-01-24→ Common Stock (40,000 underlying)
40,000

Footnotes (10)

[F1]The options became exercisable as follows: 5,000 options on January 25, 1995; 5,000 options on January 25, 1996; and 5,000 options on January 25, 1997.
[F10]The warrants become exercisable as follows: 6,667 warrants on February 3, 2004; 6,667 warrants on February 3, 2005; and 6,666 options on February 3, 2006.
[F2]The options became exercisable as follows: 3,334 options on October 13, 1996; 3,333 options on October 13, 1997; and 3,333 options on October 13, 1998.
[F3]The options became exercisable as follows: 13,334 options on January 24, 1997; 13,333 options on January 24, 1998; and 13,333 options on January 24, 1999.
[F4]The options became exercisable as follows: 6,667 options on October 9, 1997; 6,667 options on October 9, 1998; and 6,666 options on October 9, 1999.
[F5]The options became exercisable as follows: 8,334 options on October 1, 1998; 8,333 options on October 1, 1999; and 8,333 options on October 1, 2000.
[F6]The options became exercisable as follows: 6,667 options on October 1, 1999; 6,667 options on October 1, 2000; and 6,666 options on October 1, 2001.
[F7]The options became exercisable as follows: 6,667 options on September 24, 2000; 6,667 options on September 24, 2001; and 6,666 options on September 24, 2002.
[F8]The warrants became and will become exercisable as follows: 16,667 warrants on January 30, 2002; 16,667 warrants on January 30, 2003; and 16,666 options on January 30, 2004.
[F9]Warrants expire two years following termination of employment

Documents

1 file

TIPPERARY CORP

CIK 0000098410

Entity typeother