SEC Form 4 · accession 0001040593-16-000198
CARRIZO OIL & GAS INC · CRZO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven A Webster
Director
Period of report
May 17, 2016
Accepted (ET)
May 19, 2016 · 5:31 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 | May 17, 2016 | M | 6,400 | $0.00 | A | 2,552,180 | D | |
| Common StockF1 | May 17, 2016 | M | 9,166 | $20.22 | A | 2,561,346 | D | |
| Common StockF1 | May 17, 2016 | D | 9,166 | $37.85 | D | 2,552,180 | 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 UnitsF2,F3 | $0.00 | May 17, 2016 | M | 6,400 | D | — | — | Common Stock | 6,400 | 0 | D |
| Restricted Stock UnitsF2,F4 | $0.00 | May 17, 2016 | A | 6,400 | A | — | — | Common Stock | 6,400 | 6,400 | D |
| Stock Appreciation RightsF5,F6 | $20.22 | May 17, 2016 | M | 9,166 | D | — | Jun 3, 2016 | Common Stock | 9,166 | 9,166 | 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.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock.
- F3These restricted stock units vested on May 17, 2016.
- F4These restricted stock units vest on the earlier to occur of (i) the date of the Company's Annual Meeting of Shareholders in 2017 and (ii) June 30, 2017.
- F5These stock appreciation rights are settled solely in cash.
- F6These stock appreciation rights vested in three equal installments on May 28, 2010, May 28, 2011 and May 28, 2012.