Carlson Daniel F 4
4 · COLOMBIA ENERGY RESOURCES, INC. · Filed Mar 5, 2012
Insider Transaction Report
Form 4
Transactions
- Award
Restricted Stock Units
2012-03-05+35,700→ 135,700 totalExercise: $0.00From: 2012-05-08Exp: 2013-05-08→ Common Stock (35,700 underlying)
Holdings
- 100,000
Options
Exercise: $5.00From: 2010-12-28Exp: 2015-12-28→ Common Stock (50,000 underlying) - 407,734
Common Stock
- 50,000
Options
Exercise: $2.50From: 2010-12-28Exp: 2015-12-28→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Options subjected to vesting: 3 years, 25% immediate and 25% on each anniversary for 3 years.
- [F2]The restricted stock units ("RSUs") will vest on the date of the 2012 annual meeting of the stockholders which is tentatively scheduled for May 8, 2012 and will expire at the ent of the director's term. If the director resigns for cause or is removed for cause before the end of his term, the RSUs would lapse. However, if the director resigns for health or other appropriate reasons, his RSUs would vest immediately. The director is not permitted to sell the vested shares until he is not longer a director.