SEC Form 4 · accession 0001040593-16-000273
CARRIZO OIL & GAS INC · CRZO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald A Morton
Officer — General Counsel & VP-Bus Dev
Period of report
Nov 30, 2016
Accepted (ET)
Dec 2, 2016 · 5:21 pm EST
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 StockF2 | Nov 30, 2016 | M | 24,622 | $28.68 | A | 85,950 | D | |
| Common StockF2 | Nov 30, 2016 | D | 24,622 | $40.2325 | D | 61,328 | D | |
| Common Stock | Dec 1, 2016 | G | 2,000 | $0.00 | D | 59,328 | 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 RightsF3,F4 | $28.68 | Nov 30, 2016 | M | 24,622 | D | — | Jun 18, 2017 | Common Stock | 24,622 | 0 | D |
Explanation of responses
- F1These transactions were effected in accordance with Rule 10b5-1.
- F2Pursuant 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.
- F3These stock appreciation rights are settled solely in cash.
- F4These stock appreciation rights vested in three equal installments on May 29, 2014, May 29, 2015 and May 29, 2016.