GRAHAM PATRICIA ALBJERG 4
4 · APACHE CORP · Filed May 20, 2013
Insider Transaction Report
Form 4
APACHE CORPAPA
GRAHAM PATRICIA ALBJERG
Director
Transactions
- Disposition to Issuer
Common Stock
2013-05-17$80.89/sh−456$36,886→ 8,690.42 total - Exercise/Conversion
Common Stock
2013-05-17+1,140→ 9,146.42 total - Exercise/Conversion
Restricted Stock / Units
2013-05-17−1,140→ 0 totalExercise: $0.00→ Common Stock (1,140 underlying)
Footnotes (4)
- [F1]The shares of common stock of Apache are deemed to also represent certain preferred stock purchase rights ('Rights'). The Rights are not currently exercisable or separately tradable and presently are evidenced by certificates for shares of the common stock. Value attributable to such Rights, if any, is reflected in the market price of the common stock.
- [F2]In connection with reporting person's retirement from Apache's board of directors, vesting as of 05/16/2013 of restricted stock units granted to Apache's non-employee directors under 2011 Omnibus Equity Compensation Plan. Information provided by plan administrator on 05/17/2013.
- [F3]This transaction is not a sale. Exempt disposition to issuer of portion of restricted stock units payable in cash upon vesting. The 2011 Omnibus Equity Compensation Plan contained such provision when approved by stockholders in May 2011, and the restricted stock units contained such terms when granted under the terms of such plan. Of the total 1,140 restricted stock units that vested as of 05/16/2013, 60 percent (684 restricted stock units) is payable in Apache common stock and 40 percent (456 restricted stock units) is payable in cash and is characterized in this report as a disposition to the issuer. Information provided by plan administrator on 05/17/2013.
- [F4]One share of Apache common stock for each restricted stock unit.