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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 | ||||||||
Employee Stock Option (right to buy) (2) | $ 16.55 | 06/23/2008 | A | 30,000 | (2) | 06/23/2012 | Common Stock | 30,000 | $ 0 | 30,000 | D | ||||
Employee Stock Option (right to buy) (3) | $ 2.4 | 08/07/2009 | A | 11,540 | (3) | 02/26/2013 | Common Stock | 11,540 | $ 0 | 11,540 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Lynch Terence W C/O CRIMSON EXPLORATION INC. 717 TEXAS AVENUE, SUITE 2900 HOUSTON, TX 77002 |
Controller & CAO |
Stephen W. Schoppe | 08/07/2009 | |
**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 reporting person was awarded 7,068 shares of restricted stock of Crimson Exploration Inc. (the "Company") pursuant to a distribution under the Company's Long Term Incentive Compensation Plan for the calendar year 2008. Of these shares, 25% of the total shares will vest on each of February 26, 2010, 2011, 2012 and 2013 should the reporting person remain an employee of the Company on the applicable vesting date. The transaction date is the date the reporting person signed and returned to the Company the restricted stock award agreement covering this award. |
(2) | The reporting person commenced his employment with the Company on June 23, 2008, and was granted stock options to purchase 30,000 shares of common stock of the Company. The stock options vested and were eligible to be exercised with respect to 15% of the total shares on June 28, 2009 and will vest and will be eligible to be exercised with respect to 25% of the total shares on June 28, 2010 and June 28, 2011 and 35% of the total shares on June 28, 2012. The transaction date is the date the reporting person signed and returned to the Company the stock option agreement covering this award. |
(3) | The reporting person was awarded stock options covering 11,540 shares of stock of the Company pursuant to a distribution under the company's Long Term Incentive Compensation Plan for the calendar year 2008. Of these options, 25% of the total options will vest on each of February 26, 2010, 2011, 2012 and 2013 should the reporting person remain an employee of the company on the applicable vesting date. The transaction date is the date the reporting person signed and returned to the Company the stock option agreement covering this award. |
Remarks: This form has been signed by Stephen W. Schoppe, Acting Secretary for Crimson Exploration Inc., on behalf of Mr. Lynch pursuant to an instrument of power of attorney dated August 5, 2009. The authority granted pursuant to such instrument is to remain in full force and effect until rescinded in writing by Mr. Lynch. |