rrd243583_274908.html

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ovgd2foa78cP7DGluSruAB+wYk3gIgCdY4b7ojApV7xjJcW5ooz40rdngovEgEEd i4ouoP0MAB9jHCFjVnWQ6Q== 0001181431-10-019994.txt : 20100405 0001181431-10-019994.hdr.sgml : 20100405 20100405085445 ACCESSION NUMBER: 0001181431-10-019994 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100401 FILED AS OF DATE: 20100405 DATE AS OF CHANGE: 20100405 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: wilson j thomas CENTRAL INDEX KEY: 0001468752 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05507 FILM NUMBER: 10729452 MAIL ADDRESS: STREET 1: 720 EMERSON STREET CITY: DENVER STATE: CO ZIP: 80218 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MAGELLAN PETROLEUM CORP /DE/ CENTRAL INDEX KEY: 0000061398 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 060842255 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 10 COLUMBUS BLVD STREET 2: 10 FLOOR CITY: HARTFORD STATE: CT ZIP: 06106 BUSINESS PHONE: 8602932006 MAIL ADDRESS: STREET 1: 10 COLUMBUS BLVD STREET 2: 10 FLOOR CITY: HARTFORD STATE: CT ZIP: 06106 FORMER COMPANY: FORMER CONFORMED NAME: MAGELLAN PETROLEUM CORP PANAMA DATE OF NAME CHANGE: 19671130 4 1 rrd271946.xml FORM 4 X0303 4 2010-04-01 0 0000061398 MAGELLAN PETROLEUM CORP /DE/ MPET 0001468752 wilson j thomas 720 EMERSON STREET DENVER CO 80218 1 0 0 0 Common Stock (Restricted) 2010-04-01 4 A 0 150000 0 A 170000 D Non-qualified Stock option (right to buy) 2.24 2010-04-01 4 A 0 300000 0 A 2020-04-01 Common Stock 300000 687500 D On April 1, 2010, 150,000 restricted shares of the Company's common stock were awarded to the reporting person pursuant to the Company's 1998 Stock Incentive Plan. The restricted shares vest according to the following schedule: (1) one-third of the award (50,000 shares) vested immediately on April 1, 2010, (2) one-third of the award (50,000 shares) will vest on April 1, 2011 and (3) one-third of the award (50,000 shares) will vest on April 1, 2012. The fair market value of a share of the Company's common stock on the grant date, April 1, 2010, was $2.24 per share, calculated in accordance with the terms of the Company's 1998 Stock Incentive Plan. Amount reported does not include beneficial ownership of the shares subject to stock options held by the reporting person which are reported in Table II. On April 1, 2010, the reporting person was awarded 300,000 non-qualified stock options pursuant to the Company's 1998 Stock Incentive Plan. The stock options have an exercise price of $2.24 per share and will expire on April 1, 2020. The stock options are also expressly conditioned upon the receipt of shareholder approval of the replenishment and amendment of the Company's 1998 Stock Incentive Plan, which shareholder approval will be sought later in 2010. The awarded stock options vest as follows: (1) one-third of the award (100,000 shares) will vest on April 1, 2011, (2) one-third of the award (100,000 shares) will vest on April 1, 2012, and (3) one-third of the award (100,000 shares) will vest on April 1, 2013. /s/ J. Thomas Wilson 2010-04-05 EX-24. 2 rrd243583_274908.htm POWER OF ATTORNEY. rrd243583_274908.html

                               POWER OF ATTORNEY

        Know all by these presents, that the undersigned hereby constitutes and
appoints each of Daniel J. Samela, Susan M. Filipos and Edward B. Whittemore,
signing singly, the undersigned's true and lawful attorney-in-fact to:

        (1)     execute for and on behalf of the undersigned, in the
undersigned's capacity as an officer and/or director of Magellan Petroleum
Corporation (the "Company"), Forms 3, 4, and 5 in accordance with Section 16(a)
of the Securities Exchange Act of 1934 and the rules thereunder;

        (2)     do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete and execute any such
Form 3, 4, or 5, complete and execute any amendment or amendments thereto, and
timely file such form with the U.S. Securities and Exchange Commission and any
stock exchange or similar authority; and

        (3)     take any other action of any type whatsoever in connection with
the foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.

        The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted. The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934. This Power of Attorney shall remain in full force and
effect until the undersigned is no longer required to file Forms 3, 4, and 5
with respect to the undersigned's holdings of and transactions in securities
issued by the Company, unless earlier revoked by the undersigned in a signed
writing delivered to the foregoing attorneys-in-fact.

        IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 1st day of April, 2010.

                                        /s/ J. Thomas Wilson
                                        ---------------------------------------
                                        Signature

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