SEC Form 4 · accession 0001040593-17-000099
CARRIZO OIL & GAS INC · CRZO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard H Smith
Officer — Vice President - Land
Period of report
Mar 28, 2017
Accepted (ET)
Mar 30, 2017 · 5:46 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 | Mar 28, 2017 | M | 4,954 | $0.00 | A | 71,030 | D | |
| Common StockF4 | Mar 29, 2017 | S | 2,031 | $28.6469 | D | 68,999 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF5 | $0.00 | Mar 28, 2017 | M | 3,027 | D | — | — | Common Stock | 3,027 | 0 | D |
Explanation of responses
- F1This amount represents approximately 164% of the target performance share units granted based upon the issuer's total shareholder return measured against an industry peer group over a three year period.
- F2These transactions were effected in accordance with Rule 10b5-1.
- F3The 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.
- F4The 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 $28.43 to $28.96, inclusive.
- F5These performance share units vested on March 28, 2017. The number of performance share units can range from 0% to 200% of the units granted based upon the issuer's total shareholder return measured against an industry peer group over a three year period.