SEC Form 4 · accession 0001209191-15-014857
QEP RESOURCES, INC. · QEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles B Stanley
Officer — President and CEO · Director
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 7:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001108827
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 12, 2015 | A | 118,347 | $21.69 | A | 642,724 | D | |
| Common Stock | holding | — | — | — | 15,269 | I | Employee Investment Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2 | $0.00 | Feb 12, 2015 | A | 88,521 | A | — | — | Phantom Stock Units | 88,521 | 244,690 | D |
| Phantom Stock UnitsF3 | $0.00 | Feb 12, 2015 | D | 4,476 | D | — | — | Phantom Stock Units | 4,476 | 240,214 | D |
| Stock OptionF4 | $27.84 | Feb 13, 2015 | J | 60,000 | D | Feb 13, 2011 | Feb 13, 2015 | Common Stock | 60,000 | 0 | D |
| Stock OptionF5 | $21.69 | Feb 12, 2015 | A | 125,985 | A | — | Feb 12, 2022 | Common Stock | 125,985 | 125,985 | D |
| Phantom Stock UnitsF6 | $0.00 | holding | — | — | — | — | — | Phantom Stock Units | 53,331 | 53,331 | D |
| Stock Option | $39.07 | holding | — | — | — | Mar 5, 2014 | Feb 25, 2018 | Common Stock | 63,588 | 63,588 | D |
| Stock OptionF7 | $30.90 | holding | — | — | — | — | Feb 13, 2019 | Common Stock | 90,350 | 90,350 | D |
| Stock OptionF8 | $30.12 | holding | — | — | — | — | Feb 13, 2020 | Common Stock | 100,088 | 100,088 | D |
| Stock OptionF9 | $31.74 | holding | — | — | — | — | Feb 13, 2021 | Common Stock | 87,194 | 87,194 | D |
| Stock Option | $27.55 | holding | — | — | — | Mar 5, 2013 | Mar 5, 2017 | Common Stock | 62,000 | 62,000 | D |
| Stock Option | $23.98 | holding | — | — | — | Mar 5, 2012 | Mar 5, 2016 | Common Stock | 108,000 | 108,000 | D |
Explanation of responses
- F1Some of these shares are held in the CJ Trust of which I am a trustee.
- F2These phantom stock units are associated with QEP's Long Term Cash Incentive Plan.
- F3In accordance with the Long Term Cash Incentive Plan, the total reflects the forfeiture of 4,476 phantom stock units.
- F4These 60,000 options expired on February 13, 2015 without value received.
- F5The option vests in three annual installments beginning on March 5, 2016, subject to accelerated vesting upon the occurrence of certain events as set forth in the award agreement.
- F6Phantom stock units will be payable in cash on the date of, or at a designated anniversary date following, the first to occur of the reporting person's (i) distribution election date which is not earlier than two years from the plan year (ii) separation from service from QEP (subject to 6-month delay if necessary to comply with IRC 409A), (iii) death or (iv) disability, pursuant to the QEP Resources, Inc. Deferred Compensation Wrap Plan. This total includes shares attributable to the 401(k) supplemental program of the Deferred Compensation Wrap Plan. Consequently, share totals may change without any visible activity.
- F7The option vests in three annual installments beginning on March 5, 2013, subject to accelerated vesting upon the occurrence of certain events as set forth in the award agreement.
- F8The option vests in three annual installments beginning on March 5, 2014, subject to accelerated vesting upon the occurrence of certain events as set forth in the award agreement.
- F9The option vests in three annual installments beginning on March 5, 2015, subject to accelerated vesting upon the occurrence of certain events as set forth in the award agreement.