VAN DOREN DIRK M. 4
4 · SANDRIDGE ENERGY INC · Filed Jul 22, 2010
Insider Transaction Report
Form 4
Van Doren Dirk M
EVP and CFO
Transactions
- Tax Payment
Common Stock
2010-07-20$6.43/sh−13,286$85,429→ 745,511 total
Holdings
- 6,004(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]On July 16, 2010, Steel Subsidiary Corporation ("Merger Sub"), a wholly owned subsidiary of SandRidge Energy, Inc. (the "Company"), merged with and into Arena Resources, Inc. ("Arena"), in accordance with that certain Agreement and Plan of Merger, dated as of April 3, 2010, among the Company, Merger Sub and Arena, as amended. The merger transaction constituted a "Change in Control" under the SandRidge Energy, Inc. Nonqualified Excess Plan (the "NQ Plan"). As a result of the Change in Control, the reporting person received a distribution from the NQ Plan. This distribution consisted of cash and shares of the Company's common stock, all of which was subject to tax withholding. The Board of Directors of the Company permitted the executive officers to satisfy the portion of such shares withheld by the Company sufficient to satisfy this tax withholding obligation.