4//SEC Filing
Loeffler Peter 4
Accession 0001209191-10-062709
CIK 0001120916other
Filed
Dec 27, 7:00 PM ET
Accepted
Dec 28, 1:51 PM ET
Size
13.0 KB
Accession
0001209191-10-062709
Insider Transaction Report
Form 4
Loeffler Peter
VP of Exploration/Development
Transactions
- Exercise/Conversion
Stock Option (Right to Buy)
2010-12-17−30,000→ 0 totalExercise: $3.37From: 2009-04-17Exp: 2014-04-17→ Common Stock (30,000 underlying) - Exercise/Conversion
Common Stock, $0.001 Par Value
2010-12-17$2.17/sh+240,000$520,800→ 374,000 total - Exercise/Conversion
Stock Option (Right to Buy)
2010-12-17−210,000→ 0 totalExercise: $2.00Exp: 2015-11-05→ Common Stock (210,000 underlying) - Tax Payment
Common Stock, $0.001 Par Value
2010-12-17$10.16/sh−71,610$727,558→ 302,390 total - Disposition to Issuer
Common Stock, $0.001 Par Value
2010-12-17−302,390→ 0 total
Footnotes (3)
- [F1]The "Amount of Securities Beneficially Owned Following Reported Transaction" reported on the Form 4 filed on 05/10/2010 indicated that Mr. Loeffler beneficially owned 144,000 shares, while the correct amount that should have been calculated following the transaction disclosed on that form was 134,000 shares. The amount reported above reflects the correct calculation.
- [F2]Disposed of pursuant to the closing of the merger between the Issuer and Hess Investment Corp., a wholly owned subsidiary of Hess Corporation ("Hess"), in exchange for the right to receive shares of Hess common stock (0.1373 shares of Hess common stock for each share of Issuer common stock) upon completion of the merger.
- [F3]This option, which was granted on 11/05/2008 and provided for vesting in four equal annual installments beginning two years after the date of grant, was accelerated pursuant to the merger agreement between the Issuer and Hess Investment Corp. Immediately prior to the completion of the merger, the option became fully vested and exercisable and was exercised by the reporting person on December 17, 2010.
Documents
Issuer
HESS BAKKEN INVESTMENTS I Corp
CIK 0001120916
Entity typeother
Related Parties
1- filerCIK 0001403572
Filing Metadata
- Form type
- 4
- Filed
- Dec 27, 7:00 PM ET
- Accepted
- Dec 28, 1:51 PM ET
- Size
- 13.0 KB