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MPET » Topics » Security Ownership of Management

This excerpt taken from the MPET DEF 14A filed Oct 27, 2009.

Security Ownership of Management

The following table sets forth information as to the number of shares of the Company’s Common Stock owned beneficially as of October 15, 2009 by each director of the Company and each NEO listed in the Summary Compensation Table set forth below, and by all current directors and current executive officers of the Company as a group:

 

    

Amount and Nature

of Beneficial Ownership*

Name of Individual or Group

   

Shares

   

Options

   

Percent of
Class

Donald V. Basso

    35,400    100,000    **

William H. Hastings (1), (2)

    250,888    0    **

Walter McCann

    74,368    100,000    **

Robert J. Mollah

    39,612    100,000    **

Ronald P. Pettirossi

    39,500    100,000    **

J. Thomas Wilson (3)

    20,000    0    **

Nikolay V. Bogachev (4)

    14,731,707    0    26.18

Daniel J. Samela

    0    30,000    **

Directors and Executive Officers as a Group (a total of 8 persons)

    15,191,475    430,000    27.56

 

* Unless otherwise indicated, each person listed has the sole power to vote and dispose of the shares listed.

 

** The percent of class owned is less than 1%.

 

(1) Mr. Hastings was appointed the new President and CEO of the Company on December 11, 2008. He was also elected a director of the Company as of December 11, 2008.

 

(2) Mr. Hastings is the direct owner of 250,888 shares of the Company’s common stock and holds options (“Options”) to acquire an additional 2,712,500 shares. Under Rule 13d-3(d) of the Securities Exchange Act of 1934 (the “Exchange Act”), these option shares are not yet “beneficially owned” by Mr. Hastings, as under the terms of the option award agreements, Mr. Hastings’ rights Options have not yet vested. On December 11, 2008, Mr. Hastings was awarded 3,100,000 non-qualified stock options under the Company’s Stock Incentive Plan in two tranches, at an exercise price equal to $1.20 per share. In connection with the negotiation and signing of Mr. Hastings’ Employment Agreement on February 3, 2009, Mr. Hastings and the Company agreed that he would surrender to the Company 387,500 of the non-qualified stock options previously granted to him on December 11, 2008, with a corresponding award of 387,500 non-qualified stock options to Mr. Wilson, see “Certain Relationships and Related Person Transactions – Agreements with J. Thomas Wilson” above.

 

(3) Mr. Wilson’s election to the Board of Directors became effective on July 9, 2009. Mr. Wilson is the direct beneficial owner of 20,000 shares of the Company’s common stock. On July 9, 2009, Mr. Wilson was awarded 387,500 non-qualified stock options under the Company’s 1998 Stock Incentive Plan pursuant to a Consulting Agreement with the Company. Under the terms of the option award agreements, Mr. Wilson has not yet vested in any of the 387,500 shares covered by the Options. Mr. Wilson serves as First Vice President of YEP.

 

(4) Mr. Bogachev’s election to the Board became effective on July 9, 2009. The amount reported in the shares column is based on Mr. Bogachev’s Form 4 filed with the SEC on October 16, 2009 and includes 15,000 shares directly beneficially owned and an aggregate of 14,716,707 shares beneficially owned indirectly, of which 13,612,463 shares are held by YEP and 1,104,244 shares are held by YEP I, SICAV-FIS. Mr. Bogachev is the President and CEO of YEP, the Company’s strategic investor since July 9, 2009.

 

-18-

Table of Contents
This excerpt taken from the MPET DEF 14A filed Oct 29, 2007.
Security Ownership of Management
 
The following table sets forth information as to the number of shares of the Company’s Common Stock owned beneficially as of September 22, 2007 by each director of the Company and each Named Executive Officer listed in the Summary Compensation Table and by all directors and executive officers of the Company as a group:
 
                         
    Amount and Nature
 		       
    of Beneficial
 		       
    Ownership*        
Name of Individual or Group
  Shares     Options     Percent of Class  
 
Donald Basso
    11,000       100,000       **
Dr. T. Gwynn Davies
    —       —       **
Timothy L. Largay
    6,000       100,000       **
Walter McCann
    59,368       100,000       **
Robert Mollah
    —       —       **
Ronald P. Pettirossi
    6,500       100,000       **
Daniel J. Samela
    —       30,000       **
Directors and Executive Officers as a Group (a total of 7)
    82,868       430,000       **
 
 
* Unless otherwise indicated, each person listed has the sole power to vote and dispose of the shares listed.
 
** The percent of class owned is less than 1%.
 
EXECUTIVE COMPENSATION
 
This excerpt taken from the MPET DEF 14A filed Nov 3, 2006.
Security Ownership of Management
 
The following table sets forth information as to the number of shares of the Company’s Common Stock owned beneficially as of September 22, 2006 (except as otherwise indicated) by each director of the Company and each Named Executive Officer listed in the Summary Compensation Table and by all directors and executive officers of the Company as a group:
 
                         
    Amount and Nature
 		       
    of Beneficial Ownership*        
Name of Individual or Group
  Shares     Options     Percent of Class  
 
Donald Basso
    11,000       100,000       **  
T. Gwynn Davies
    —       —       **  
Timothy L. Largay
    6,000       100,000       **  
Walter McCann
    59,368       100,000       **  
Robert Mollah
    —       —       **  
Ronald P. Pettirossi
    6,500       100,000       **  
Daniel J. Samela
    —       20,000       **  
Directors and Executive Officers as a Group (a total of 7)
    82,868       420,000       **  
 
 
* Unless otherwise indicated, each person listed has the sole power to vote and dispose of the shares listed.
 
** The percent of class owned is less than 1%.
 

EXCERPTS ON THIS PAGE:

DEF 14A
Oct 27, 2009
DEF 14A
Oct 29, 2007
DEF 14A
Nov 3, 2006

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