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HK > SEC Filings for HK > Form 8-K on 14-Nov-2012All Recent SEC Filings

Show all filings for HALCON RESOURCES CORP

Form 8-K for HALCON RESOURCES CORP


14-Nov-2012

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective as of November 8, 2012 (the "Grant Date"), the Compensation Committee of the Board of Directors of Halcón Resources Corporation (the "Company") recommended, and the Board of Directors of the Company approved, an award of options representing the right to purchase 1,680,000 shares, in the aggregate, of the Company's common stock at an exercise price of $5.48 (the "Awards"), which was the closing price of the Company's common stock as reported on the NYSE on the Grant Date. The options have a term of 10 years and will vest in three equal installments on the first three anniversaries of the Grant Date so long as the recipient is employed by the Company or its affiliates on each anniversary of the Grant Date.

The Awards were recommended and approved in consideration of the significant progress in executing the Company's business plan since the February 2012 recapitalization of the Company, and in light of market compensation practices and prior equity awards granted to management. The option awards included options covering an aggregate of 950,000 shares of common stock awarded to certain executive officers of the Company, as follows:

                                                                                         Stock
Name                                                                                    Options
Floyd C. Wilson                   Chairman and Chief Executive Officer                   250,000
Stephen W. Herod                                President                                225,000
Mark J. Mize         Executive Vice President, Chief Financial Officer and Treasurer     200,000
David S. Elkouri                Executive Vice President, General Counsel                200,000
Robert J. Anderson          Executive Vice President, Chief Operating Officer             75,000


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