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Attachment 1

Form 8-K
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 22, 2009

Brigham Exploration Company
(Exact name of registrant as specified in its charter)
         
Delaware   001-34224   75-2692967
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
6300 Bridgepoint Parkway
Building Two, Suite 500
Austin, Texas
  78730
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (512) 427-3300
 
 
(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

1


 

Item 5.02 (e). Compensatory Arrangements of Certain Officers.
On April 22, 2009, the Compensation Committee of the Board of Directors granted shares of restricted stock to our named executive officers. The shares of restricted stock will vest on September 22, 2009. The following table details the number of shares and their value.
                     
        Restricted Stock Granted        
Name   Principal Position   (# of Shares)     Dollar Value (a)  
Ben M. Brigham
  Chief Executive Officer,     15,000     $ 32,700  
 
  President and Chairman                
 
  of the Board                
Eugene B. Shepherd, Jr.
  Executive Vice President     10,000     $ 21,800  
 
  and Chief Financial                
 
  Officer                
David T. Brigham
  Executive Vice President and     8,500     $ 18,530  
 
  - Land and                
 
  Administration and                
 
  Director                
Jeffrey E. Larson
  Executive Vice President     8,500     $ 18,530  
 
  - Exploration                
A. Lance Langford
  Executive Vice President     8,500     $ 18,530  
 
  - Operations                
(a) Based on the closing market price of $2.18 on April 22, 2009.
Also on April 22, 2009, the Compensation Committee extended by one year the term of certain stock options previously granted to our named executive officers. These stock options would otherwise expire in 2009. The following table summarizes the terms of the stock options that were extended.
                                 
    Options Extended             Previous Expiration     Revised Expiration  
Name   (# of Shares)     Exercise Price     Date     Date  
Eugene B. Shepherd, Jr.
    150,000     $ 4.200       6/10/2009       6/10/2010  
David T. Brigham
    25,000     $ 4.805       5/23/2009       5/23/2010  
Jeffrey E. Larson
    12,500     $ 4.805       5/23/2009       5/23/2010  
A. Lance Langford
    15,000     $ 4.805       5/23/2009       5/23/2010  

 

 


 

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
    BRIGHAM EXPLORATION COMPANY
 
       
Date: April 28, 2009
       
 
       
 
  By:   /s/ EUGENE B. SHEPHERD, JR.
 
       
 
      Eugene B. Shepherd, Jr.
 
      Executive Vice President &
Chief Financial Officer