SEC Form 4 · accession 0001006655-16-000084
EVOLUTION PETROLEUM CORP · EPM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Joe
Officer — SVP & CFO
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 4:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001006655
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 22, 2016 | D | 2,306 | $0.00 | D | 310,722 | D | |
| Common StockF2 | Feb 22, 2016 | S | 3,188 | $4.45 | D | 307,534 | D | |
| Common StockF2 | Feb 23, 2016 | S | 100 | $4.45 | D | 307,434 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Contingent Performance Stock GrantF1 | $0.00 | Feb 22, 2016 | D | 1,922 | D | — | Aug 28, 2018 | Common Stock | 1,922 | 15,886 | D |
Explanation of responses
- F1At the Company's request, the employee elected to voluntarily relinquish 3,844 restricted performance-based shares and 1,922 contingent performance-based shares in exchange for 1,538 shares of service based restricted stock subject to vesting on August 28, 2016, August 28, 2017 and August 28, 2018.
- F2These sales were made to satisfy a margin call by a broker to whom these shares were pledged as collateral for a margin loan.