Coastal Energy Company Grants Stock Options
Director / Officer -- Number of Options This Grant -- Total Options Outstanding After This Grant
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Randy L. Bartley -- 635,303 -- 4,065,807
William C. Phelps -- 262,281 -- 939,193
John Griffith -- 211,428 -- 853,512
Stephen M. Holder -- 40,799 -- 305,272
Jerry A. Moon, Jr. -- 73,739 -- 434,052
Subtotal directors and officers -- 1,223,550 -- 6,597,836
All other directors and officers All other employees -- 315,223 -- 1,950,957
Total all options -- 1,538,773 -- 8,548,793
As at December 31, 2011 the Company had 113,605,881 shares of common stock issued and outstanding.
In addition, the Company granted a total of 205,628 restricted stock units (“RSUs”) to directors, officers, employees and contractors of the Company, pursuant to the Company's Restricted Stock Unit Plan on 14 December 2011. These RSUs vest equally over a period of three (3) years. The following directors and officers were granted the following RSUs:
Director / Officer -- Number of RSUs This Grant -- Total RSUs Outstanding After This Grant
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Randy L. Bartley -- 66,899 -- 66,899
William C. Phelps -- 27,069 -- 27,069
John Griffith -- 20,321 -- 20,321
Stephen M. Holder -- 5,414 -- 5,414
Jerry A. Moon, Jr. -- 9,745 -- 9,745
Subtotal directors and officers -- 129,448 -- 129,448
All other directors and officers -- 37,897 -- 37,897
All other employees -- 38,283 -- 38,283
Total all RSUs -- 205,628 -- 205,628
The Coastal Energy Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10062
These securities have not been registered under United States Securities Act of 1933 (the “US Securities Act”) or the securities laws of any state and may not be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) unless an exemption from registration is available.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Website: http://www.CoastalEnergy.com
Contact
Coastal Energy Company
Email: Send Email
+1 (713) 877-6793
Strand Hanson Limited (Nominated Adviser)
+44 (0) 20 7409 3494
Rory Murphy
Paul Cocker
Stifel Nicolas Weisel (Broker)
+44 (0) 20 3205 3615
Paul Colucci
Macquarie Capital (Europe) Limited (Broker)
+44 (0) 20 3037 2000
Ben Colegrave
Paul Connolly
Buchanan Communications
+44 (0) 20 7466 5000
Tim Thompson
Katharine Sutton
Ben Romney
This news is a press release provided by Coastal Energy Company.