PYRAMID OIL CO 4
4 · PYRAMID OIL CO · Filed Oct 2, 2013
Insider Transaction Report
Form 4
Alexander John H
DirectorPresident & CEO
Transactions
- Sale
Common Stock
2013-09-30$6.00/sh−195,592$1,173,552→ 0 total
Footnotes (1)
- [F1]Reporting Person is a party to a stock purchase agreement with a director of the Issuer, under which Reporting Person has agreed to sell to the director an aggregate of 195,592 shares of the Issuer's common stock beneficially owned by Reporting Person, at $6.00 per share. Under the agreement, Reporting Person has agreed to sell (i) 95,592 of the shares at an initial closing, and (ii) the remaining 100,000 of the 195,592 shares at a second closing on April 5, 2014, subject to certain closing conditions. Concurrently with the agreement, Reporting Person tendered his resignation as an officer and director of the Issuer.