| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
BRIGHAM EXPLORATION CO [ BEXP ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/10/2009 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Incentive Stock Options (right to buy)(1) | $6.725 | 08/10/2009 | D | 150,000 | 10/13/2004(2) | 10/13/2010 | Common Stock, par value $.01 | 150,000 | (1) | 330,000 | D | ||||
| Incentive Stock Options (right to buy)(1) | $8.835 | 08/10/2009 | D | 90,000 | 09/23/2005(3) | 09/23/2011 | Common Stock, par value $.01 | 90,000 | (1) | 240,000 | D | ||||
| Incentive Stock Options (right to buy)(1) | $12.31 | 08/10/2009 | D | 40,000 | 10/10/2006(4) | 10/10/2012 | Common Stock, par value $.01 | 40,000 | (1) | 200,000 | D | ||||
| Incentive Stock Options (right to buy)(1) | $6.145 | 08/10/2009 | D | 60,000 | 09/14/2007(5) | 09/14/2013 | Common Stock, par value $.01 | 60,000 | (1) | 140,000 | D | ||||
| Incentive Stock Options (right to buy)(1) | $5.955 | 08/10/2009 | A | 340,000 | 08/10/2010(6) | 08/10/2019 | Common Stock, par value $.01 | 340,000 | (1) | 480,000 | D | ||||
| Explanation of Responses: |
| 1. On August 10, 2009, pursuant to the Offer to Exchange Outstanding Stock Options for New Stock Options from the issuer dated July 13, 2009 as described in the Tender Offer Statement on Schedule TO filed by the issuer with the Securities and Exchange Commission on July 13, 2009, as amended by Amendment No. 1 to Schedule TO filed by the issuer on July 21, 2009 and Amendment No. 2 to Schedule TO filed by the issuer on August 11, 2009, the issuer cancelled 340,000 incentive stock options previously granted to the reporting person. In exchange, the reporting person received 340,000 new incentive stock options. |
| 2. The options vested in five equal annual installments beginning on October 13, 2004. |
| 3. The options vest in five equal annual installments beginning on September 23,2005 |
| 4. The options vest in five equal annual installments beginning on October 10, 2006. |
| 5. The options vest in five equal annual installments beginning on September 14, 2007. |
| 6. The options vest in five equal annual installments beginning on August 10, 2010. |
| Ben M. Brigham | 08/17/2009 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||