SEC Form 4 · accession 0001040593-17-000087
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
Mar 24, 2017
Accepted (ET)
Mar 28, 2017 · 9:22 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 24, 2017 | M | 3,874 | $0.00 | A | 88,360 | D | |
| Common StockF2 | Mar 27, 2017 | S | 1,632 | $26.9168 | D | 86,728 | 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 UnitsF3,F4 | $0.00 | Mar 24, 2017 | M | 3,874 | D | Mar 24, 2017 | — | Common Stock | 3,874 | 0 | D |
Explanation of responses
- F1The 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.
- F2The 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 $26.85 to $26.96.
- F3Each restricted stock unit represents a contingent right to receive one share of common stock.
- F4These restricted stock units were granted to Mr. Morton on March 23, 2017 under the issuer's Incentive Plan in lieu of a portion of his annual incentive bonus otherwise payable to him in cash under the issuer's performance-based annual incentive bonus program. These restricted stock units vested on March 24, 2017.