X0202
4/A
2008-01-01
2008-01-03
0
0001023734
BPZ RESOURCES, INC.
BZP
0001368066
Caminos Edward G
580 WESTLAKE PARK BLVD
SUITE 525
HOUSTON
TX
77079
0
1
0
0
CFO
Common Stock
2008-01-01
4
A
0
75000
0
A
490000
D
Incentive Stock Option
11.88
2008-01-01
4
A
0
250000
A
2018-01-01
Common Stock
250000
350000
D
On January 1, 2008, the reporting person was granted 75,000 shares of Common Stock pursuant to the Company's 2007 Long-term Incentive Compensation Plan. The Grant cliff vests on the second anniversary of the date of grant.
On January 1, 2008, the reporting person was granted 250,000 shares of Common Stock pursuant to the Company's 2007 Long-Term Incentive Compensation Plan. The exercise price of the Common Stock covered by the Option is $11.88 per share. The Option vests in three equal installments of 83,333 shares over the succeeding three anniversaries of the date of grant. Generally, the unexercised portion of the option shall expire and cease to be exercisable on the tenth anniversary of the date of grant.
Includes 50,000 shares of Common Stock that vested on April 14, 2007 and 50,000 shares of common stock that will vest on April 14, 2008.
To correct amount of securities beneficially owned following the reported transactions.
/s/ Edward G. Caminos
2008-01-03