Oilsands Quest Inc 4

Accession 0001209191-08-045678

CIK 0001096791operating

View on SEC.gov Company Profile

Filed

Aug 4, 8:00 PM ET

Accepted

Aug 5, 8:42 PM ET

Size

19.4 KB

Accession

0001209191-08-045678

Insider Transaction Report

Form 4

Period: 2008-08-01

Oilsands Quest IncBQI

Wilson T Murray

DirectorExecutive Chairman

Transactions

Award
Stock Option
2008-08-01+475,000→ 475,000 total
Exercise: $4.51From: 2008-08-01Exp: 2013-08-01→ Common Stock (475,000 underlying)

Holdings

Stock Option
Exercise: $4.27From: 2007-08-01Exp: 2012-08-01→ Common Stock (750,000 underlying)
750,000
Common Stock
(indirect: By Mother)
17,732
Stock Option
Exercise: $6.75From: 2006-05-01Exp: 2011-05-01→ Common Stock (1,000,000 underlying)
1,000,000
Stock Option
Exercise: $5.05From: 2006-08-23Exp: 2011-08-23→ Common Stock (275,000 underlying)
275,000
Common Stock
16,800

Footnotes (9)

[F1]Stock options received pursuant to Mr. Wilson's Executive Employment Agreement with the Company, dated May 1, 2006. Options to purchase 1,000,000 shares vested immediately. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
[F2]Stock options received pursuant to Mr. Wilson's Executive Employment Agreement with the Company, dated May 1, 2006. Options to purchase 1,000,000 shares vested upon attaining certain reorganization goals of the Company, which occurred on August 14, 2006. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
[F3]Stock options received pursuant to Mr. Wilson's Executive Employment Agreement with the Company dated May 1, 2006. Options to purchase 1,000,000 shares vested on May 1, 2007. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
[F4]Stock options received pursuant to Mr. Wilson's Executive Employment Agreement with the Company, dated May 1, 2006. Options to purchase 1,000,000 shares vest on May 1, 2008. This transaction is exempt from Section 16(b) reporting requirements pursuant to Rule 16b-3(d).
[F5]Mr. Wilson was granted 300,000 options pursuant to the Company's 2006 Stock Option Plan on August 23, 2006. The options vest either (i) 25% immediately and 25% each year for three years after the date of grant (August 23, 2007, August 23, 2008, and August 23, 2009); or (ii) 100% vesting upon a merger, acquisition, sale or a change in control. On September 27, 2006, Mr. Wilson disposed of 25,000 of these options to the Company. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(d) and Rule 16b-3(e), respectively.
[F6]Mr. Wilson was granted 300,000 bonus options pursuant to the Company's 2006 Stock Option Plan on August 23, 2006. The options vest either (i) 25% upon a 750 million bitumen in place ("BIP") barrel count defined as the high resource (P10) estimate of bitumen in place, 50% upon a 1 billion BIP barrel count, 75% upon a 1.25 billion BIP barrel count, and 100% upon a 1.5 billion BIP barrel count and three years from the date of grant; or (ii) 100% vesting upon a merger, acquisition, sale, or change in control. On September 27, 2006, Mr. Wilson disposed of 25,000 of these options to the Company. These transactions are exempt from 16(b) reporting requirements pursuant to Rule 16b-3(d) and Rule 16b-3(e), respectively.
[F7]Mr. Wilson was granted 750,000 options pursuant to the Company's 2006 Stock Option Plan on August 1, 2007. The options vest either (i) 25% immediately and 25% each year for three years after the date of grant (August 1, 2008, August 1, 2009, and August 1, 2010); or (ii) 100% vesting upon a merger, acquisition, sale or a change in control. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
[F8]Mr. Wilson was granted 475,000 options pursuant to the Company's 2006 Stock Option Plan on August 1, 2008. The options vest either (i) 25% immediately and 25% each year for three years after the date of grant (August 1, 2009, August 1, 2010, and August 1, 2011); or (ii) 100% vesting upon a merger, acquisition, sale or a change in control. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).
[F9]Shares held by Mr. Wilson's mother in an account administered under the direction of Mr. Wilson. For the purposes of Section 16 of the Securities Exchange Act of 1934 Mr. Wilson disclaims beneficial ownership of these shares.

Documents

1 file

4
c74361_4.xmlPrimary
MAIN DOCUMENT DESCRIPTION

Issuer

Oilsands Quest Inc

CIK 0001096791

→

Entity typeoperating

Related Parties

filerCIK 0001096791

Filing Metadata

Form type: 4
Filed: Aug 4, 8:00 PM ET
Accepted: Aug 5, 8:42 PM ET
Size: 19.4 KB

View on SEC.gov