SEC Form 4 · accession 0001209191-16-140543
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
Sep 6, 2016
Accepted (ET)
Sep 8, 2016 · 3:35 pm EDT
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,F2 | Sep 6, 2016 | F | 1,578 | $19.35 | D | 740,775 | D | |
| Common Stock | holding | — | — | — | 37,314 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option | $39.07 | holding | — | — | — | Mar 5, 2014 | Feb 25, 2018 | Common Stock | 63,588 | 63,588 | D |
| Phantom Stock UnitsF3 | $0.00 | holding | — | — | — | — | — | Phantom Stock Units | 53,605 | 53,605 | D |
| Phantom Stock UnitsF4 | $0.00 | holding | — | — | — | — | — | Phantom Stock Units | 362,452 | 362,452 | D |
| Stock Option | $30.90 | holding | — | — | — | Mar 5, 2015 | Feb 13, 2019 | Common Stock | 90,350 | 90,350 | D |
| Stock Option | $30.12 | holding | — | — | — | Mar 5, 2016 | Feb 13, 2020 | Common Stock | 100,088 | 100,088 | D |
| Stock OptionF5 | $31.74 | holding | — | — | — | — | Feb 13, 2021 | Common Stock | 87,194 | 87,194 | D |
| Stock OptionF6 | $21.69 | holding | — | — | — | — | Feb 12, 2022 | Common Stock | 125,985 | 125,985 | D |
| Stock OptionF7 | $10.12 | holding | — | — | — | — | Feb 16, 2023 | Common Stock | 142,106 | 142,106 | D |
| Stock Option | $27.55 | holding | — | — | — | Mar 5, 2013 | Mar 5, 2017 | Common Stock | 62,000 | 62,000 | D |
Explanation of responses
- F1I received a distribution of formerly restricted shares of stock and made an advance election to satisfy my tax payment obligations by withholding shares.
- F2Some of these shares are held in a trust for which I and my spouse are trustees.
- F3Phantom 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.
- F4These phantom units are associated with QEP's Cash Incentive Plan.
- F5The 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.
- F6The 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.
- F7The option vests in three annual installments beginning on March 5, 2017, subject to accelerated vesting upon the occurrence of certain events as set forth in the award agreement.