TSXV:CEN.H - Post by User
Post by
green_CCZon Aug 22, 2012 8:49am
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Post# 20245346
insiders selling
insiders selling Coastal Energy Announces Insider Transactions
17:14 EDT Tuesday, August 21, 2012
HOUSTON, Aug. 21, 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 transactions in the Company's common shares:
| Shareholder | Title | Transaction Date | Shares this
Transaction | Transaction
Price | Shares
Owned | % of Total
Outstanding |
| Option Exercise | | | | | | |
| Randy L. Bartley | Chief Executive Officer | 16 - 21 August 2012 | 150,000 | C$3.94 | 1,189,970 | 1.05% |
| William C. Phelps | Chief Financial Officer | 20 - 21 August 2012 | 35,000 | C$3.94 | 1,627,260 | 1.43% |
| | | | | | | |
| Open Market Sale | | | | | | |
| Randy L. Bartley | Chief Executive Officer | 16 - 21 August 2012 | 150,000 | C$14.56 | 1,189,970 | 1.05% |
| William C. Phelps | Chief Financial Officer | 20 - 21 August 2012 | 35,000 | C$ 15.06 | 1,627,260 | 1.43% |
| | | | | | | |
After accounting for the transactions listed above, Directors & Officers own a total of 3,724,146 Common Shares of the Company, or 3.29% of outstanding shares based on total shares issued and outstanding of 113,294,327