SEC Form 4 · accession 0000899243-19-007378
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
Mar 11, 2019
Accepted (ET)
Mar 12, 2019 · 8:18 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 | — | Mar 11, 2019 | A | 59,952 | A | — | — | Common Stock | 59,952 | 276,324 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 11, 2019 | A | 119,904 | A | — | — | Common Stock | 119,904 | 396,228 | 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 time-based and will vest, if at all, in three equal annual installments beginning on March 1, 2020. The award will terminate and the applicable restricted stock units will not vest if the Reporting Person is not employed by the Reporting Person on the date any portion of the award is scheduled to vest.
- F3The 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