spotlight on mae, 30 june 2009, page-34

Here is a list of various options as you can see many are after todays date and state if/when a sale/offer is made so I take it they would not be insider trading? They'd just announce the sale or offer - obviously above 40c, the SP would quickly rise and the options would then be exercised.



Terms of the options on issue as at 31 December 2008 are:
— 20,000,000 unlisted options are exercisable at 30 cents on or before 30 June 2009.
— 3,000,000 unlisted options are exercisable at 60 cents on or before 28 February 2009.
— 20,000,000 unlisted options are exercisable at 25 cents on or before 30 June 2009.
— 1,500,000 unlisted options are exercisable at 50 cents on or before 30 June 2009.
— 500,000 unlisted options are exercisable at $1.50 on or before 30 June 2009.
— 500,000 unlisted options are exercisable at $1.50 on or before 1 December 2010 and are subject to
the following conditions:
- 125,000 vest on 1 April 2009; and
14
MARION ENERGY LIMITED
NOTES TO AND FORMING PART OF THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE HALF-YEAR ENDED 31 DECEMBER 2008
3. ISSUED CAPITAL (cont)
if Marion Energy Limited or its subsidiary, Marion Energy Inc, are taken over by an outside party all
these 500,000 options vest immediately.
— 5,000,000 unlisted options are exercisable at 40 cents on or before 28 August 2011.
— 1,000,000 unlisted options are exercisable at 70 cents on or before 14 November 2011.
— 1,500,000 unlisted options are exercisable at 90 cents on or before 14 November 2011.
— 1,500,000 unlisted options are exercisable at $1.00 on or before 16 June 2011 and are subject to
the following conditions:
- 33% of these $1 options cannot be exercised before 1 June 2009.
All of the $1.00 options become exercisable if a takeover bid is made for all of the fully paid
ordinary shares of the company, or the company disposes of a major asset or undertaking.