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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Nonstatutory Stock Option (right to buy) | $ 9.22 | 01/13/2006 | 08/24/2015 | Common Stock | 45,000 | 45,000 | D | ||||||||
Nonstatutory Stock Option (right to buy) | $ 14.22 | 11/21/2007 | 11/21/2016 | Common Stock | 15,000 | 15,000 | D | ||||||||
Employee Stock Option (right to buy) (2) | $ 20.06 | 01/15/2009 | 01/15/2018 | Common Stock | 40,000 | 40,000 | D | ||||||||
Employee Stock Option (right to buy) (2) | $ 17.51 | 09/10/2009 | 09/10/2018 | Common Stock | 25,000 | 25,000 | D | ||||||||
Employee Stock Option (right to buy) (2) | $ 9.95 | 01/28/2010 | 01/28/2019 | Common Stock | 30,000 | 30,000 | D | ||||||||
Employee Stock Option (right to buy) (3) | $ 7.84 | 03/17/2010 | 03/16/2019 | Common Stock | 23,852 | 23,852 | D | ||||||||
Employee Stock Option (right to buy) (2) | $ 19.9 | 01/18/2011 | 01/17/2020 | Common Stock | 30,000 | 30,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Taylor Stephen Charles 508 WEST WALL STREET, SUITE 550 MIDLAND, TX 79701 |
X | President and CEO |
/s/ Stephen C. Taylor | 01/24/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The acquisition of the 4,791 shares of common stock reflects an award of restricted stock on January 24, 2011, pursuant to the Company's 2009 Restricted Stock/Unit Plan. The award vests one year from the grant date subject to the participant's continued employment with the Company and subject to accelerated vesting upon the death, disability or retirement of the participant, or upon a change in control of the Company. |
(2) | Granted pursuant to the Company's 1998 Stock Option Plan. The option vests and becomes exercisable in three equal annual installments beginning on the first anniversary of the grant date. Vesting accelerates under certain circumstances. |
(3) | Granted pursuant to the Company's 1998 Stock Option Plan. The option vests one year from the date of grant, although vesting accelerates if employment is terminated for any reason. |