|
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 |
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option | $ 5.635 | 06/05/2006 | A | 29,740 (4) | 01/02/2007 | 12/31/2007 | Common Stock | 29,740 | $ 0 | 29,740 | D | ||||
Stock Option | $ 5.635 | 06/05/2006 | D | 29,740 (4) | 01/02/2007 | 01/02/2013 | Common Stock | 29,740 | $ 0 | 0 | D | ||||
Stock Option | $ 6.825 | 06/05/2006 | A | 33,350 (4) | 01/02/2008 | 12/31/2008 | Common Stock | 33,350 | $ 0 | 33,350 | D | ||||
Stock Option | $ 6.825 | 06/05/2006 | D | 33,350 (4) | 01/02/2008 | 01/02/2014 | Common Stock | 33,350 | $ 0 | 0 | D | ||||
Stock Option | $ 13.855 | 06/05/2006 | D | 28,650 (5) | 01/03/2009 | 01/03/2015 | Common Stock | 28,650 | $ 0 | 0 | D | ||||
Stock Option | $ 24.38 | 06/05/2006 | D | 6,050 (5) | 01/03/2010 | 01/03/2016 | Common Stock | 6,050 | $ 0 | 6,050 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WORTHEY MARK 5100 TENNYSON PARKWAY SUITE 1200 PLANO, TX 75024 |
Sr.VP Operations Until 6/5/06 |
Mark Allen - Per Confirming Statement | 06/07/2006 | |
**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 two reported transactions involved an amendment of an outstanding restricted stock award resulting in the deemed cancellation of the "old" award and grant of a replacement award. Under the original award, 182,000 shares were originally scheduled to vest in four tranches at 45,500 shares annually each August 6th of 2006 through 2009, and 122,500 shares were originally scheduled to vest pursuant to the retirement provision of the plan. In accordance with amendment of this award pursuant to a separation agreement between Mr. Worthey and Denbury, Mr. Worthey was immediately vested in 136,500 shares of the original restricted share awards and 168,000 restricted shares were forfeited. |
(2) | These shares were originally issued pursuant to a restricted stock award and were forfeited upon Mr. Worthey's termination from Denbury. |
(3) | Reflects restricted shares used to satisfy minimum tax withholding. |
(4) | These reported transactions involve an amendment of these outstanding option awards, resulting in the deemed cancellation of the "old" option awards and the grant of replacement options, by providing for the retention of these options by Mr. Worthey beyond the termination of his employment and amendments to the expiration date of these options. |
(5) | These options and SAR were cancelled due to the termination of the employment of Mr. Worthey. |