SEC Form 4 · accession 0001040593-16-000159
CARRIZO OIL & GAS INC · CRZO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard H Smith
Officer — Vice President - Land
Period of report
Mar 17, 2016
Accepted (ET)
Mar 21, 2016 · 5:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001040593
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 17, 2016 | M | 4,316 | $0.00 | A | 54,761 | D | |
| Common Stock | Mar 17, 2016 | M | 4,158 | $0.00 | A | 58,919 | D | |
| Common StockF1 | Mar 17, 2016 | S | 2,897 | $30.2358 | D | 56,022 | D | |
| Common StockF4 | Mar 18, 2016 | S | 3,275 | $30.4587 | D | 52,747 | D | |
| Common StockF5 | Mar 18, 2016 | S | 200 | $31.03 | D | 52,547 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F7 | $0.00 | Mar 17, 2016 | M | 4,316 | D | — | — | Common Stock | 4,316 | 4,316 | D |
| Restricted Stock UnitsF6,F8 | $0.00 | Mar 17, 2016 | M | 4,158 | D | — | — | Common Stock | 4,158 | 8,315 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. These shares were sold in multiple transactions at prices ranging from $30.23 to $30.24.
- F2These transactions were effected in accordance with Rule 10b5-1.
- F3The sales reported in this Form 4 were effected to satisfy the reporting person's federal income tax obligations with respect to the vesting of equity awards.
- F4The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. These shares were sold in multiple transactions at prices ranging from $30.01 to $31.00, inclusive.
- F5The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. These shares were sold in multiple transactions at prices ranging from $31.02 to $31.04, inclusive.
- F6Each restricted stock unit represents a contingent right to receive one share of common stock.
- F7These restricted stock units vested, or will vest, in three equal installments on March 17, 2015, March 17, 2016 and March 17, 2017.
- F8These restricted stock units vested, or will vest, in three equal installments on March 17, 2016, March 17, 2017 and March 17, 2018.