SEC Form 4 · accession 0000899243-18-023264
ULTRA PETROLEUM CORP · UPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maree K. Delgado
Officer — See Remarks
Period of report
Aug 22, 2018
Accepted (ET)
Aug 24, 2018 · 6:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001022646
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Aug 22, 2018 | A | 144,248 | A | — | — | Common Stock | 144,248 | 144,248 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of common stock of the Company.
- F2The restricted stock units are subject to both performance-based and time-based vesting terms. The performance-based vesting conditions are assessed based on the volume-weighted average price of the Company's common shares as measured over 60 consecutive trading days relative to pre-established price goals. Once a performance-based vesting condition is achieved, the restricted stock units that have become performance vested will time-vest over the two or three-year period following the date on which they became performance vested.
Remarks
Vice President and Chief Accounting Officer