FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HARVEST NATURAL RESOURCES, INC. [ HNR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/20/2010 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock, $.01 par value per share | 05/20/2010 | A | 46,900 | A | (1) | 257,900(2) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: 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 Options | $7.1 | 05/20/2010 | A | 160,900 | (3) | 05/20/2015 | Common Stock, $0.1 par value per share | 160,900 | (4) | 1,062,234(5) | D | ||||
Stock Appreciation Right | $4.595 | (6) | 06/18/2016 | Common Stock, $0.1 par value per share | 90,000 | 1,152,234(7) | D | ||||||||
Phantom Stock | (8) | (9) | (9) | Common Stock, $0.1 par value per share | 20,000 | 1,172,234(10) | D |
Explanation of Responses: |
1. Shares of restricted stock granted to the reporting person by the Company's board of directors pursuant to the Harvest Natural Resources 2010 Long Term Incentive Plan. |
2. Includes shares of restricted stock granted to the reporting person by the Company's board of directors pursuant to various plans. |
3. The options granted vest one-third on each anniversary date of the date of the grant and are exerciseable in full on 5/20/2013. |
4. Options granted by the Company's Board of Directors pursuant to the Company's 2010 Long Term Incentive Plan. |
5. Includes options to purchase the Company's common stock granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices. |
6. The Stock Appreciation Rights granted vest at a rate of one third per year beginning the third year from the effective date of the grant and will be exercisable in full on June 18, 2014. |
7. Includes 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. |
8. Each share of phantom stock is the economic equivalent of one share of HNR common stock. |
9. Phantom Stock granted vests at a rate of one third per year beginning the third year from the effective date of the grant and will be exercisable in full on June 18, 2014. |
10. Includes options to purchase the Company's common stock, Stock Appreciation Rights and Phantom Stock Unit Awards granted pursuant to various plans and having varying exercise dates, expiration dates and exercise prices. |
Remarks: |
Keith L. Head, by Power of Attorney | 05/24/2010 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |