TSXV:CEN.H - Post by User
Post by
Eoj123on Jan 18, 2012 7:04pm
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Post# 19419550
Insider Transactions
Insider Transactions HOUSTON, Jan. 18, 2012 (GLOBE NEWSWIRE) -- Coastal Energy Company (the "Company" or "Coastal") (TSX:CEN) (AIM:CEO), an independent exploration and production company with assets in Thailand, announces that it was notified today of the following purchase transactions in the Company's common shares:
| |
Shareholder |
Title |
Transaction Date | Shares this
Transaction | Transaction
Price | Shares
Owned | % of Total
Outstanding |
| Open Market Purchase | | | | | | |
| | | | | | | |
| Olivier de Montal | Director | January 17, 2012 | 10,000 | C$15.95 | 350,000 | 0.31% |
| | | | | | | |
| L. Barnaby Smith* | Chairman | January 17, 2012 | 496 | C$16.10 | 123,488 | 0.11% |
| | | | | | | |
| Option Exercise | | | | | | |
| William C. Phelps | Chief Financial Officer | January 18, 2012 | 142,589 | C$1.35 — C$3.94 | 1,677,255 | 1.47% |
| | | | | | | |
| Open Market Sale | | | | | | |
| L. Barnaby Smith* | Chairman | January 17, 2012 | 3,000 | C$15.96 | 123,488 | 0.11% |
*Note: Mr. Smith's transactions were a result of personal tax planning which is why there is a sale and a later repurchase on the same day.
After accounting for the transactions listed above, Directors & Officers own a total of 3,605,513 Common Shares of the Company, or 3.17% of outstanding shares based on total shares issued and outstanding of 113,912,413
https://news.coastalenergy.com/releasedetail.cfm?ReleaseID=640688