Home > Insider Trading > Filing (0001209191-11-055251)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
61398	Magellan Petroleum Corp	MPET	Crude Petroleum & Natural Gas (1311)	060842255

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1468752	Thomas J Wilson	720 Emerson Street Denver CO 80218	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock (Restricted)	Acquisiton	2011-11-07	100,000	$0.00	898,804	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-qualified stock option (right to buy)	Acquisiton	2011-11-07	250,000	$0.00	250,000	$1.08

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
937,500		2021-11-07	No	4	A	Direct

Footnotes

On November 7, 2011, 100,000 restricted shares of the Company's common stock were awarded to the reporting person pursuant to the Company's 1998 Stock Incentive Plan. The restricted shares vest according to the following schedule: (1) one half of the award (50,000 shares) will vest on September 27, 2012 and (2) one half of the award (50,000 shares) will vest on September 27, 2013..
The fair market value of a share of the Company's common stock on the grant date, November 7, 2011, was $1.08 per share, calculated in accordance with the terms of the Company's 1998 Stock Incentive Plan.
Amount reported does not include beneficial ownership of the shares subject to stock options held by the reporting person which are reported in Table II.
On November 7, 2011, the reporting person was awarded 250,000 non-qualified stock options pursuant to the Company's 1998 Stock Incentive Plan. The stock options have an exercise price of $1.08 per share and will expire on November 7, 2021.
The awarded stock options vest as follows: (1) one half of the award (125,000 shares) will vest on September 27, 2012 and (2) one half of the award (125,000 shares) will vest on November 27, 2011.