SEC Form 4 · accession 0001209191-15-062369
HARVEST NATURAL RESOURCES, INC. · HNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith L Head
Officer — Vice President
Period of report
Jul 22, 2015
Accepted (ET)
Jul 24, 2015 · 3:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000845289
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value per shareF1 | holding | — | — | — | 34,008 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2,F3,F4 | $1.13 | Jul 22, 2015 | A | 81,000 | A | — | Jul 22, 2020 | Common Stock, $0.1 par value per share | 81,000 | 317,500 | D |
| Stock Appreciation RightF2,F6,F7,F5 | $1.13 | Jul 22, 2015 | A | 486,000 | A | — | Jul 22, 2020 | Common Stock, $0.1 par value per share | 486,000 | 889,000 | D |
| Phantom StockF8,F9,F11,F10 | — | Jul 22, 2015 | A | 151,000 | A | Jul 22, 2018 | — | Common Stock, $0.1 par value per share | 151,000 | 1,100,000 | D |
Explanation of responses
- F1Includes shares of restricted stock granted to the reporting person by the Company's board of directors pursuant to various plans.
- F10Phantom Stock (Restricted Stock Units) have no expiration dates.
- F11Includes options to purchase the Company's common stock, Stock Appreciation Rights and Phantom Stock (Restricted Stock Units) granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices.
- F2In addition to vesting in one-third increments per year, the options and SARS awarded on July 22, 2015 will not become exercisable until the first day on which the volume weighted average price of the common stock over any 30-day period, commencing on or after the award date, equals or exceeds $2.50 per share, as reported by the New York Stock Exchange.
- F3Options granted by the Company's Board of Directors pursuant to the Company's 2006 Long Term Incentive Plan. These options are exercisable in one-third increments per year from the effective date of the grant and will be exercisable in full on July 22, 2018.
- F4Includes options to purchase the Company's common stock granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices.
- F5The Stock Appreciation Rights granted vest at a rate of one third per year beginning the first year from the effective date of the grant and will be exercisable in full on July 22, 2018.
- F6Stock Appreciation Right granted by the Company's board of directors.
- F7Includes options to purchase the Company's common stock and Stock Appreciation Rights granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices.
- F8In addition to the three year vesting requirement, the RSUs awarded on July 22, 2015 will not vest until the first day on which the volume weighted average price of the common stock over any 30-day period, commencing on or after the award date, equals or exceeds $2.50 per share, as reported by the New York Stock Exchange.
- F9Each share of phantom stock is the economic equivalent of one share of HNR common stock.