Michael G. Silver - Mar 11, 2022 Form 4 Insider Report for VAALCO ENERGY INC /DE/ (EGY)

Signature
Michael G. Silver
Stock symbol
EGY
Transactions as of
Mar 11, 2022
Transactions value $
$0
Form type
4
Date filed
3/15/2022, 09:20 PM
Previous filing
Mar 4, 2022
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EGY Common Stock Award $0 +20.5K +21.06% $0.00 118K Mar 11, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EGY Employee Stock Option (right to buy) Award $0 +46.2K $0.00 46.2K Mar 11, 2022 Common Stock 46.2K $6.41 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of restricted stock granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan. The shares vest in three equal annual installments beginning on the first anniversary of the date of grant.
F2 On March 11, 2022, the reporting person was granted an option, pursuant to the Plan, to purchase 46,221 shares of common stock. The option vests in three equal annual installments beginning on the first anniversary of the date of grant based upon satisfaction of stock price appreciation of 15.0%, 32.5% and 52.5%, respectively, using a 30-day average stock price from the stock price on the date of the grant.