Peterson Richard 4
4 · Advanced BioEnergy, LLC · Filed May 13, 2011
Insider Transaction Report
Form 4
Peterson Richard
DirectorChief Executive Officer
Transactions
- Award
Non-Qualified Unit Option
2011-05-11+150,000→ 150,000 totalFrom: 2012-05-11Exp: 2021-05-12→ Units (150,000 underlying) - Award
Unit Appreciation Right
2011-05-11+150,000→ 150,000 totalFrom: 2012-05-11Exp: 2021-05-10→ Units (150,000 underlying)
Footnotes (4)
- [F1]The exercise price schedule allows for three tranches at 50,000 units per tranche with the Tranche A exercise price per unit of $1,50, Tranche B exercise price per unit of $3.00 and Tranche C exercise price per unit of $4.50.
- [F2]The vesting schedule is 30,000 units on each of the first five anniversaries of the date of grant beginning with May 11, 2012.
- [F3]Of the 30,000 units as to which the award vests on each Scheduled Vesting Date, 10,000 units come from each exercise price tranche.
- [F4]The unit appreciation right and the non-qualified unit option were granted in tandem. Accordingly, exercising any portion of the unit appreciation right automatically cancels the corresponding option as to the same number of units, and exercising any portion of the award as an option automatically cancels the corresponding unit appreciation right as to the same number of units.