SEC Form 4 · accession 0001040593-17-000088
CARRIZO OIL & GAS INC · CRZO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L. Pitts
Officer — VP & Chief Financial Officer
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 | 4,072 | $0.00 | A | 79,802 | D | |
| Common StockF1 | Mar 27, 2017 | S | 4,072 | $26.4832 | D | 75,730 | 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 | Mar 24, 2017 | M | 4,072 | D | Mar 24, 2017 | — | Common Stock | 4,072 | 0 | 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 $26.36 to $26.67.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock.
- F3These restricted stock units were granted to Mr. Pitts 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.