SEC Form 4 · accession 0001040593-16-000192
CARRIZO OIL & GAS INC · CRZO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
S P Johnson IV
Officer — President and CEO · Director
Period of report
May 17, 2016
Accepted (ET)
May 19, 2016 · 5:21 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 StockF1 | May 17, 2016 | M | 60,910 | $20.22 | A | 668,498 | D | |
| Common StockF1 | May 17, 2016 | D | 60,910 | $37.85 | D | 607,588 | D | |
| Common StockF1 | May 18, 2016 | M | 50,000 | $20.22 | A | 657,588 | D | |
| Common StockF1 | May 18, 2016 | D | 50,000 | $37.985 | D | 607,588 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF2,F3 | $20.22 | May 17, 2016 | M | 60,910 | D | — | Jun 3, 2016 | Common Stock | 60,910 | 100,000 | D |
| Stock Appreciation RightsF2,F3 | $20.22 | May 18, 2016 | M | 50,000 | D | — | Jun 3, 2016 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Pursuant to the requirements of Form 4, the exercise of cash settled stock appreciation rights are presented as an acquisition and disposition of common stock. Contrary to this presentation, because the stock appreciation rights were settled in cash, no shares of common stock were issued to or sold by the reporting person.
- F2These stock appreciation rights are settled solely in cash.
- F3These stock appreciation rights vested in three equal installments on May 28, 2010, May 28, 2011 and May 28, 2012.