SEC Form 4 · accession 0001209191-17-028179
VAALCO ENERGY INC /DE/ · EGY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cary M Bounds
Officer — Chief Executive Officer & COO · Director
Period of report
Apr 21, 2017
Accepted (ET)
Apr 25, 2017 · 6:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000894627
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1 | $1.20 | Apr 21, 2017 | A | 754,717 | A | — | Apr 21, 2022 | Common Stock | 754,717 | 754,717 | D |
Explanation of responses
- F1The Stock Appreciation Rights vest in three equal installments after (i) (a) the 30-trading day average price is at least $1.30 and (b) April 21, 2018; (ii)(a) the 30-trading day average price is at least $1.50 and (b) April 21, 2019; and (iii) (a) the 30-trading day average price is at least $1.75 and (b) April 21, 2020.