14th Jul 2008 14:44
Oilexco Incorporated
14 July 2008
NOTIFICATION OF TRANSACTIONS OF DIRECTORS,
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction
relating to the shares or debentures of the issuer should complete
boxes 1 to 16, 23 and 24.
(2) An issuer making a notification in respect of a derivative relating
to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14,
16, 23 and 24.
(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should
complete boxes 1 to 3 and 17 to 24.
(4) An issuer making a notification in respect of a financial
instrument relating to the shares of the issuer (other than a
debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16,
23 and 24.
Please complete all relevant boxes in block capital letters.
1. Name of the issuer
Oilexco Incorporated
2. State whether the notification relates to (i) a transaction
notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324
(as extended by section 328) of the Companies Act 1985; or
(iii) both (i) and (ii)
(i) ONLY
3. Name of person discharging managerial responsibilities/director
Arthur S Millholland
William H Smith
Brian Ward
Anne Marie Cannon
Kevin Burke
Fraser Grant
John Cowan
4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the connected person
NOT APPLICABLE
5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest(3)
In respect of the holding of those in (3) above
6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares
Common shares of no par value
7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them
As in (3) above
8. State the nature of the transaction
Arthur Millholland: Grant of Options and Sale of Shares
William H Smith: Grant of Options
Brian Ward: Grant of Options and Exercise of Options
Anne Marie Cannon: Grant of Options
Kevin Burke: Grant of Options
Fraser Grant: Grant of Options
John Cowan: Grant of Options
9. Number of shares, debentures or financial instruments relating to shares acquired
Brian Ward: 269,000 shares at CAD$ 0.62
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
Brian Ward: 0.1213%
11. Number of shares, debentures or financial instruments relating to shares disposed
Arthur Millholland: 285,400 shares
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
Arthur Millholland: 0.1288%
13. Price per share or value of transaction
Arthur Millholland: Sale of Shares 50,000: CAD$871,751
Sale of Shares 235,400: CAD$ 4,032,438
Brian Ward: Exercise of Options 269,000: CAD$ 166,780
14. Date and place of transaction
Arthur Millholland: Sale of Shares 7th of July in Canada
Sale of Shares 9th of July in Canada
Brian Ward: Exercise of Options 11th of July in Canada
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
Arthur Millholland: 2,248,244 shares (1.0144%) and 2,660,000 options (1.2002%)
Brian Ward: 309,000 shares (0.1394%) and 1,597,000 options (0.7206%)
16. Date issuer informed of transaction
Arthur Millholland: Grant of Options: 11th of July
Sale of Shares: 11TH of July
William H Smith: Grant of Options: 11thof July
Brian Ward: Grant of Options: 11th of July
Exercise of Options: 11th of July
Anne Marie Cannon: Grant of Options: 11thof July
Kevin Burke: Grant of Options: 11th of July
Fraser Grant: Grant of Options: 11th of July
John Cowan: Grant of Options: 11th of July
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
17. Date of grant
Arthur Millholland: Grant of Options: 9th of July 2008
William H Smith: Grant of Options: 9th of July 2008
Brian Ward: Grant of Options: 9th of July 2008
Anne Marie Cannon: Grant of Options: 9th of July 2008
Kevin Burke: Grant of Options: 9th of July 2008
Fraser Grant: Grant of Options: 9th of July 2008
John Cowan: Grant of Options: 9th of July 2008
18. Period during which or date on which it can be exercised
Arthur Millholland: 9th of July 2008 to 9th of July 2013
William H Smith: 9th of July 2008 to 9th of July 2013
Brian Ward: 9th of July 2008 to 9th of July 2013
Anne Marie Cannon: 9th of July 2008 to 9th of July 2013
Kevin Burke: 9th of July 2008 to 9th of July 2013
Fraser Grant: 9th of July 2008 to 9th of July 2013
John Cowan: 9th of July 2008 to 9th of July 2013
19. Total amount paid (if any) for grant of the option
Arthur Millholland: Nil
William H Smith: Nil
Brian Ward: Nil
Anne Marie Cannon: Nil
Kevin Burke: Nil
Fraser Grant: Nil
John Cowan: Nil
20. Description of shares or debentures involved (class and number)
Arthur Millholland: 300,000 Options to subscribe for 1 Common shares of no par value per option
William H Smith: 200,000 Options to subscribe for 1 Common shares of no par value per option
Brian Ward: 200,000 Options to subscribe for 1 Common shares of no par value per option
Anne Marie Cannon: 300,000 Options to subscribe for 1 Common shares of no par value per option
Kevin Burke: 100,000 Options to subscribe for 1 Common shares of no par value per option
Fraser Grant: 100,000 Options to subscribe for 1 Common shares of no par value per option
John Cowan: 100,000 Options to subscribe for 1 Common shares of no par value per option
21. Exercise price (if fixed at time of grant) or indication that price is
to be fixed at the time of exercise
Arthur Millholland: CAD$16.91
William H Smith: CAD$16.91
Brian Ward: CAD$16.91
Anne Marie Cannon: CAD$16.91
Kevin Burke: CAD$16.91
Fraser Grant: CAD$16.91
John Cowan: CAD$16.91
22. Total number of shares or debentures over which options held following
notification
Arthur Millholland: 2,960,000 options
William H Smith: 1,400,000 options
Brian Ward: 1,797,000 options
Anne Marie Cannon: 700,000 options
Kevin Burke: 700,000 options
Fraser Grant: 880,000 options
John Cowan: 760,000 options
23. Any additional information
None
24. Name of contact and telephone number for queries
Ed Dawson, 02077471504
Name and signature of duly authorised officer of issuer responsible for
making notification
Art Millholland
Date of notification 14 July 2008
Related Shares:
OIL.L