White Craig Lenard 4
4 · UNION DRILLING INC · Filed Nov 23, 2011
Insider Transaction Report
Form 4
White Craig Lenard
VP, Safety and Training
Transactions
- Disposition to Issuer
Option Right-to-Buy
2011-11-22−18,750→ 6,250 totalExercise: $5.68Exp: 2020-11-12→ Common Stock (18,750 underlying)
Footnotes (1)
- [F1]On November 22, 2011, the reporting person ceased serving as an officer of Union Drilling, Inc. ("Company"). On such date, the reporting person held vested options to acquire 6,250 shares of the Company's common stock resulting from an option grant on 11/12/10. In accordance with the equity plan and underlying award agreement, the vested options (for 6,250 shares) must be exercised (if at all) within three months after 11/22/11 and the unvested options (for 18,750 shares) were forfeited in full on 11/22/11.