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BARNWELL INDUSTRIES INC — Director's Dealing 2007
May 29, 2007
35113_dirs_2007-05-29_98f556d6-6ea0-4b52-a633-a3e033cd3cdc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BARNWELL INDUSTRIES INC (BRN)
CIK: 0000010048
Period of Report: 2007-05-24
Reporting Person: Gifford Russell M (Director, EVP, CFO, Treasurer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-05-24 | Common Stock | S | 2500 | $19.63 | Disposed | 38300 | Direct |
| 2007-05-24 | Common Stock | S | 1000 | $19.31 | Disposed | 37300 | Direct |
| 2007-05-24 | Common Stock | S | 500 | $19.14 | Disposed | 36800 | Direct |
| 2007-05-24 | Common Stock | S | 100 | $19.17 | Disposed | 36700 | Direct |
| 2007-05-24 | Common Stock | S | 400 | $19.1 | Disposed | 36300 | Direct |
| 2007-05-24 | Common Stock | S | 100 | $19.15 | Disposed | 36200 | Direct |
| 2007-05-24 | Common Stock | S | 432 | $19.2 | Disposed | 35768 | Direct |
| 2007-05-25 | Common Stock | S | 200 | $19.15 | Disposed | 35568 | Direct |
| 2007-05-25 | Common Stock | S | 100 | $19.02 | Disposed | 35468 | Direct |
| 2007-05-25 | Common Stock | S | 668 | $19.01 | Disposed | 34800 | Direct |
| 2007-05-25 | Common Stock | M | 7500 | $1.98 | Acquired | 42300 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-05-25 | Employee Stock Option (right to buy) | $1.98 | M | 7500 | Disposed | 2009-12-05 | Common Stock (7500) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Options (right to buy) | $8.62 | 2014-12-03 | Common Stock (60000) | 60000 | Direct |
| SARs | $8.8 | 2014-12-03 | Common Stock (36000) | 36000 | Direct |
Footnotes
F1: Reporting Person was originally granted options for 150,000 shares. Reporting Person previously exercised options for 24,000 shares and holds a balance of 118,500 options following the transaction reported hereon.
F2: Options vest at rate of 15,000 shares per year on the anniversary date of the grant commencing on 12/3/2005.
F3: Reporting Person was originally granted SARs for 60,000 shares of Common Stock, vesting at the rate of 12,000 per year commencing on 12/3/2005. 12,000 shares vested on 12/3/2005, 12,000 shares vested on 12/3/2006 and the remaining shares vest 12,000 on 12/3/2007, 12,000 on 12/3/2008 and 12,000 on 12/3/2009.