SEC Form 4 · accession 0000950103-15-001383
Cobalt International Energy, Inc. · CIE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James W. Farnsworth
Officer — Chief Exploration Officer
Period of report
Feb 19, 2015
Accepted (ET)
Feb 20, 2015 · 9:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001471261
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 19, 2015 | A | 49,323 | $0.00 | A | 1,306,103 | D | |
| Common StockF2 | holding | — | — | — | 250,000 | I | See footnote | |
| Common StockF3 | holding | — | — | — | 3,000 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $8.87 | Feb 19, 2015 | A | 96,578 | A | Feb 19, 2016 | Feb 19, 2025 | Common Stock | 96,578 | 96,578 | D |
Explanation of responses
- F149,323 shares represent restricted shares granted under the Issuer's Long Term Incentive Plan (the "Plan"), which will vest one-third (1/3) on each of: February 19, 2016, February 19, 2017 and February 19, 2018, subject to the terms of the award agreement under the Plan.
- F2These shares of Common Stock are directly owned by a limited partnership, of which the reporting person is the sole general partner. The reporting person owns 0.1% of the limited partnership interests in the limited partnership and the remaining limited partnership interests are held by certain trusts for the benefit of the reporting person's adult children. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F3These shares of Common Stock are directly held by the reporting person's spouse.
- F496,578 shares represent shares underlying stock appreciation rights granted under the Plan, which will vest with respect to one-third (1/3) of the underlying shares of Common Stock on each of: February 19, 2016, February 19, 2017 and February 19, 2018, subject to the terms of the award agreement under the Plan.