JACOB EDWARD S III 4

Accession 0001209191-08-067643

CIK 0000320186other

View on SEC.gov Company Profile

Filed

Dec 28, 7:00 PM ET

Accepted

Dec 29, 9:43 PM ET

Size

34.1 KB

Accession

0001209191-08-067643

Insider Transaction Report

Form 4

Period: 2008-12-23

GREY WOLF INCGW

JACOB EDWARD S III

Senior Vice President - Operat

Transactions

Exercise/Conversion
Stock Option (right to buy)
2008-12-23−64,000→ 0 total
Exercise: $2.84From: 2003-02-13Exp: 2012-02-13→ Common Stock (64,000 underlying)
Disposition to Issuer
Stock Option (right to buy)
2008-12-23−59,100→ 0 total
Exercise: $6.43→ Common Stock (59,100 underlying)
Exercise/Conversion
Stock Option (right to buy)
2008-12-23−70,000→ 0 total
Exercise: $6.32From: 2002-02-09Exp: 2011-02-09→ Common Stock (70,000 underlying)
Exercise/Conversion
Common Stock
2008-12-23$6.32/sh+70,000$442,400→ 246,494 total
Disposition to Issuer
Stock Option (right to buy)
2008-12-23−20,300→ 0 total
Exercise: $7.34→ Common Stock (20,300 underlying)
Exercise/Conversion
Stock Option (right to buy)
2008-12-23−16,980→ 0 total
Exercise: $5.60From: 2006-02-04Exp: 2015-02-04→ Common Stock (16,980 underlying)
Disposition to Issuer
Stock Option (right to buy)
2008-12-23−8,902→ 0 total
Exercise: $3.91→ Common Stock (8,902 underlying)
Disposition to Issuer
Stock Option (right to buy)
2008-12-23−11,320→ 0 total
Exercise: $5.60→ Common Stock (11,320 underlying)
Exercise/Conversion
Common Stock
2008-12-23$3.85/sh+66,960$257,796→ 377,454 total
Tax Payment
Common Stock
2008-12-23$6.36/sh−234,798$1,493,315→ 188,342 total
Disposition to Issuer
Stock Option (right to buy)
2008-12-23−30,700→ 0 total
Exercise: $6.67→ Common Stock (30,700 underlying)
Exercise/Conversion
Common Stock
2008-12-23$2.84/sh+64,000$181,760→ 310,494 total
Exercise/Conversion
Common Stock
2008-12-23$5.60/sh+18,980$106,288→ 423,140 total
Disposition to Issuer
Common Stock
2008-12-23−188,342→ 0 total
Exercise/Conversion
Stock Option (right to buy)
2008-12-23−66,960→ 0 total
Exercise: $3.85From: 2004-01-31Exp: 2013-01-31→ Common Stock (66,960 underlying)
Exercise/Conversion
Stock Option (right to buy)
2008-12-23−26,706→ 0 total
Exercise: $3.91From: 2005-03-25Exp: 2014-03-28→ Common Stock (26,706 underlying)
Exercise/Conversion
Common Stock
2008-12-23$3.91/sh+26,706$104,420→ 404,160 total

Footnotes (3)

[F1]Pursuant to the merger agreement, as amended, by and among Grey Wolf, Inc., Precision Drilling Trust, Precision Drilling Trust, Precision Drilling Corporation and Precision Lobos Corporation (the "Merger Agreement"), each share of Grey Wolf common stock was converted into the right to receive either (a) $9.02 in cash or (b) 0.4225 of a Precision trust unit, subject to proration to preserve the mandatory aggregate cash consideration amount of approximately $1.12 billion, after taking into account all of the elections made by all of the Grey Wolf stockholders.
[F2]Not applicable.
[F3]This option was converted into Precision unit appreciation rights.

Documents

1 file

4
c78807_4x0.xmlPrimary
MAIN DOCUMENT DESCRIPTION

Issuer

GREY WOLF INC

CIK 0000320186

→

Entity typeother

Related Parties

filerCIK 0001246367

Filing Metadata

Form type: 4
Filed: Dec 28, 7:00 PM ET
Accepted: Dec 29, 9:43 PM ET
Size: 34.1 KB

View on SEC.gov