Massey Energy Co

Published : February 08th, 2008

CEO Exercises Options Within Limited Trading Window and to Diversify Assets

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Cashless | Coal | Oil |

Massey Energy Company has added a news release to its Investor Relations website.

Title: Massey Energy CEO Exercises Options Within Limited Trading Window and to Diversify Assets

Date: 2/8/2008 4:20:00 PM

For a complete listing of our news releases, please click here

RICHMOND, Va., Feb. 8 /PRNewswire-FirstCall/ -- Massey Energy Company (NYSE: MEE) announced today that Don L. Blankenship, the Company's chairman and chief executive officer, executed cashless stock option exercise transactions for 320,110 shares of Massey Energy Company common stock over a period of two days ending February 7, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071031/MASSEYENERGYLOGO )

The non-qualified stock options were granted under various employment agreements between Blankenship and the Company. The majority, once vested, were required to be exercised in the first twenty days that exercise is permissible pursuant to Massey's trading window policy and applicable securities laws or they would otherwise be forfeited.

The exercise price of the options averaged $21.78 and the shares were sold at an average price of $39.26.

Blankenship also exercised 112,500 stock appreciation rights (SARs) granted pursuant to a prior employment agreement. The average share value for the SARs exercised was $39.02 and the grant price per SAR was $19.45.

The transactions did not reduce Blankenship's beneficial ownership of Massey Energy stock, which totals 284,235 common shares.

All of the stock option and SAR exercise transactions were executed by Blankenship to avoid forfeiture and/or to diversify his personal financial profile. Blankenship has previously indicated to the Massey Energy board of directors that he expects to have occasional exercises of options and sales of stock to diversify his personal financial profile.

Company Description

Massey Energy Company, headquartered in Richmond, Virginia, with operations in West Virginia, Kentucky and Virginia, is the fourth largest coal company in the United States based on produced coal revenue.

SOURCE  Massey Energy Company
    -0-                             02/08/2008
    /CONTACT:  Roger Hendriksen, Director, Investor Relations of Massey Energy
Company, +1-804-788-1824/
    /Photo:  http://www.newscom.com/cgi-bin/prnh/20071031/MASSEYENERGYLOGO
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, photodesk@prnewswire.com/
    /Web site:  http://www.masseyenergyco.com /
    (MEE)
CO:  Massey Energy Company
ST:  Virginia
IN:  MNG OIL
SU:
AM-PM
-- NEF057 --
1972 02/08/2008 16:20 EST http://www.prnewswire.com


If you are unable to click on the link above, please copy and paste the URL below into a web browser
http://www.masseyenergyco.com/Frames.asp?ID=NEWS
Thomson Financial Inc 22 Thomson Place Boston, MA 02210
to unsubscribe from this JoinMail list.

Massey Energy Co

CODE : MEE
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Massey is a producing company based in United states of america.

Massey is listed in Germany and in United States of America. Its market capitalisation is US$ 118.1 billions as of today (€ 82.3 billions).

Its stock quote reached its highest recent level on July 03, 2008 at US$ 95.20, and its lowest recent point on June 17, 2016 at US$ 0.00.

Massey has 1 813 430 016 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Massey Energy Co
1/20/2018Ex-Massey Energy CEO and ex-con Blankenship running for US S...
Project news of Massey Energy Co
11/20/2014Ex-coal exec pleads not guilty in W.Va. mine blast
11/20/2014Ex-coal exec pleads not guilty in W.Va. mine blast
11/14/2014Ex-coal mine chief joins small club: charged CEOs
Corporate news of Massey Energy Co
12/16/2015Prosecutors: ex-coal CEO may have to pay tens of millions
10/1/2015A timeline of events in Upper Big Branch disaster
3/11/2015Unsealed Blankenship docs seek to move case, dismiss judge
6/17/2009Marfork Coal Company Wins Prestigious Green Miner Award
5/20/2009CEO Addresses Stockholders, Board Declares Dividend
11/14/2008Statement on United States Supreme Court Decision to Review ...
5/13/2008Declares Dividend
4/3/2008West Virginia Supreme Court Sides Again with Massey Energy: ...
4/1/2008Six Mines Win Prestigious Safety Awards
2/20/2008Declares Dividend and Schedules Annual Meeting
2/8/2008CEO Exercises Options Within Limited Trading Window and to D...
1/28/2008Names New General Counsel
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
NYSE (MEE)BERLIN (FLR.BE)
65.14-1.30%40.00+0.00%
NYSE
US$ 65.14
06/01 16:03 -0.860
-1.3%
Prev close Open
66.00 65.55
Low High
64.92 66.54
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  65.14 814,149.90%
Volume 1 month var.
8,175,172 814,149.90%
24hGold TrendPower© : 8
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.98+0.72%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.47+1.18%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59+1.72%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.04+3.03%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 12.48+2.97%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34-1.47%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.89+3.28%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 39.45-1.40%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04-4.55%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.