0001181431-13-054313.txt : 20131017 0001181431-13-054313.hdr.sgml : 20131017 20131017184531 ACCESSION NUMBER: 0001181431-13-054313 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20131015 FILED AS OF DATE: 20131017 DATE AS OF CHANGE: 20131017 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: 1775 SHERMAN STREET STREET 2: SUITE 1950 CITY: DENVER STATE: CO ZIP: 80203 BUSINESS PHONE: (720) 484-2400 MAIL ADDRESS: STREET 1: 1775 SHERMAN STREET STREET 2: SUITE 1950 CITY: DENVER STATE: CO ZIP: 80203 FORMER COMPANY: FORMER CONFORMED NAME: MAGELLAN PETROLEUM CORP PANAMA DATE OF NAME CHANGE: 19671130 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lafargue Antoine Jean CENTRAL INDEX KEY: 0001497700 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05507 FILM NUMBER: 131157925 MAIL ADDRESS: STREET 1: 1775 SHERMAN STREET STREET 2: SUITE 1950 CITY: DENVER STATE: CO ZIP: 80203 4 1 rrd393001.xml FORM 4 X0306 4 2013-10-15 0 0000061398 MAGELLAN PETROLEUM CORP /DE/ MPET 0001497700 Lafargue Antoine Jean 1775 SHERMAN STREET, SUITE 1950 DENVER CO 80203 0 1 0 0 VP, CFO, Treasurer Employee Stock Option (right to buy) 1.03 2013-10-15 4 A 0 412500 0 A 2023-10-15 Common Stock 412500 412500 D Employee Stock Option (right to buy) 1.03 2013-10-15 4 A 0 412500 0 A 2023-10-15 Common Stock 412500 412500 D The target stock price options become exercisable, subject to ongoing employment, if, at the end of any period of 90 trading days (a "Window"), (A) the closing price of one share of the Company's common stock as reported by NASDAQ (the "Closing Price") on each of the first ten (10) trading days of a Window equals or exceeds $2.35 per share, and (B) the median of the Closing Price for the Company's common stock during such Window is equal to or exceeds $2.35 per share. The operational performance goal options awarded on October 15, 2013 cover 412,500 shares of common stock and become exercisable upon the Company achieving certain operational performance goals as follows: (A) 10% (41,250 shares) shall vest and become exercisable upon completion of the drilling of the Company's CO2-EOR pilot program; (B) 40% (165,000 shares) shall vest and become exercisable upon a determination by the Board of Directors of the Company (the "Board") that the CO2-EOR pilot program proves the economically-attractive scalability to the Company of a phased, full-field CO2-EOR project at Poplar; (Continued in footnote 3) (C) 20% (82,500 shares) shall vest and become exercisable upon the sale of substantially all Amadeus Basin assets at Board approved prices and terms, or commencement of sales under the Dingo GSPA; (D) 20% (82,500 shares) shall vest and become exercisable upon the ability to participate in the drilling of at least one well in the Weald Basin along with Celtique Energie with internally developed funding (i.e., proceeds of a sale of assets) or an approved farm-out; and (E) 10% (41,250 shares) shall vest and become exercisable upon approval and execution of a farm-out agreement for the drilling of at least one well in NT/P82. The foregoing performance goals relate to planned or possible drilling, development, production, and other potential strategic monetization transactions that are subject to future Board determinations. Wesson Liversage, Attorney-in-Fact for Antoine Lafargue 2013-10-17