18 Jan 2010 07:00
Bankers Petroleum Ltd. ("Bankers" or the "Company") Director and Executive Officer Shareholdings
AIM: BNK
CALGARY, Jan. 18 /CNW/ - The Company announces that on January 15, 2010 it was notified that a member of Bankers' Board of Directors bought the following shares on January 13, 2010:
Total Purchase Total Number of Price Common Shares Held Name Shares Bought Cdn $ After Transaction ------------------------------------------------------------------------- Eric Brown Director 7,600 $46,962 42,767 The Company announces that on January 15, 2010 it was notified thatexecutive officers of Bankers' Board of Directors sold the following shares onJanuary 13, 2010: Total Sale Total Number of Price Common Shares Held Name Shares Sold Cdn $ After Transaction ------------------------------------------------------------------------- Abdel F. (Abby) Badwi President and Chief Executive Officer 393,888 $2,520,883 1,000,002 (1) Douglas C. Urch Executive VP, Finance and Chief Financial Officer 395,278 $2,529,779 621,390 (1) Ian McMurtrie Executive VP, Exploration and Development 400,000 $2,560,000 533,333 (1) Suneel Gupta VP, Production and Operations 19,167 $122,669 170,167 (1) Eugene Christensen VP, Engineering 67,999 $436,994 50,001 (1) (1) Total shareholdings is based on common shares held after all transactions disclosed herein.
The Company announces that on January 15, 2010 it was notified that a member of Bankers' Board of Directors transferred the following shares to his wife for estate planning purposes on January 14, 2010:
Total Number of Shares Total Price Common Shares Held Name Transferred Cdn $ After Transaction ------------------------------------------------------------------------- Abdel F. (Abby) Badwi President and Chief Executive Officer 150,000 $960,000 1,000,002 (1) (1) Total shareholdings is based on common shares held after all transactions disclosed herein. The Company announces that on January 15, 2010 it was notified that amember of Bankers' Board of Directors sold the following shares on January 15,2010: Total Sale Total Number of Price Common Shares Held Name Shares Sold Cdn $ After Transaction ------------------------------------------------------------------------- John Zaozirny Director 83,333 $544,164 302,555 (1) (1) Total shareholdings is based on common shares held after all transactions disclosed herein.
The Company announces that on January 15, 2010 it was notified that each of the following executive officers exercised all of his share purchase warrants, thereby acquiring the following shares on January 14, 2010:
Total Number of Exercise Common Shares After Name Shares Bought Price Transaction ------------------------------------------------------------------------- Abdel F. (Abby) Badwi President and Chief Executive Officer 433,334 $2.63 1,000,002 (1) Douglas C. Urch Executive VP, Finance and Chief Financial Officer 200,000 $2.63 621,390 (1) Ian McMurtrie Executive VP, Exploration and Development 400,000 $2.63 533,333 (1) (1) Total shareholdings is based on common shares held after all transactions disclosed herein.
The Company announces that on January 15, 2010 it was notified that each of the following Executive Officers exercised a portion of his stock options, thereby acquiring the following shares on January 14, 2010:
Total Number of Exercise Common Shares After Name Shares Bought Price Transaction ------------------------------------------------------------------------- Abdel F. (Abby) Badwi President and Chief Executive Officer 350,000 $1.05 1,000,002 (1) Suneel Gupta VP, Production and Operations 19,167 $2.10 170,167 (1) Eugene Christensen VP, Engineering 50,000 $1.05 50,001 (1) (1) Total shareholdings is based on common shares held after all transactions disclosed herein.
The Company announces that on January 15, 2010 it was notified that a member of Bankers' Board exercised a portion of his stock options, thereby acquiring the following shares on January 15, 2010:
Total Number of Exercise Common Shares After Name Shares Bought Price Transaction ------------------------------------------------------------------------- John Zaozirny Director 83,333 $3.03 302,555 (1) (1) Total shareholdings is based on common shares held after all transactions disclosed herein.
The Company announces that on January 13, 2010, it granted the following stock options, all of which are exercisable into common shares of the Company at a price of $6.26 Cdn. per share, to Directors and Executives of the Company, in accordance with the Company's Employee Stock Option Plan:
Name No. of Options Granted ------------------------------------------------------------------------- Abdel F. (Abby) Badwi President and Chief Executive Officer 500,000 Douglas C. Urch Executive VP, Finance and Chief Financial Officer 350,000 Ian McMurtrie Executive VP, Exploration and Development 350,000 Suneel Gupta VP, Production and Operations 250,000 Eugene Christensen VP, Engineering 150,000 Leonhida Cobo VP and Deputy General Director, Bankers Petroleum Albania Limited 180,000 Robert Cross Chairman and Director 75,000 Eric Brown Director 50,000 Jonathan Harris Director 50,000 John Zaozirny Director 50,000 Phil Knoll Director 50,000 Wesley Clark Director 50,000 Rick Pawluk Corporate Secretary 25,000
The options will expire on January 12, 2015 and are subject to the following vesting provisions: one-third shall vest and become exercisable immediately; one-third shall vest and become exercisable on each of the first and second anniversaries of the date of grant.
For further information: Doug Urch, Executive VP, Finance and Chief Financial Officer, Ph: (403) 513-2691, Email: investorrelations(at)bankerspetroleum.com, Website: www.bankerspetroleum.com; AIM NOMAD: Canaccord Adams Limited, Ryan Gaffney, Henry Fitzgerald-O'Conner, +44 20 7050 6500 (BNK)
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