SEC Form 4 · accession 0001209191-16-143902
QEP RESOURCES, INC. · QEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Austin S. Murr
Officer — Senior VP
Period of report
Sep 30, 2016
Accepted (ET)
Oct 4, 2016 · 1:35 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 | Sep 30, 2016 | F | 12,247 | $19.53 | D | 88,609 | D | |
| Common StockF2 | holding | — | — | — | 4,053 | 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 UnitsF4,F5 | $0.00 | Sep 30, 2016 | M | 18,489 | D | — | — | Phantom Stock Units | 16,703 | 16,703 | D |
| Phantom Stock UnitsF3 | $0.00 | holding | — | — | — | — | — | Phantom Stock Units | 2,667 | 2,667 | D |
| Stock OptionF6 | $31.74 | holding | — | — | — | Sep 30, 2016 | Feb 13, 2021 | Common Stock | 9,991 | 9,991 | D |
| Stock OptionF6 | $21.69 | holding | — | — | — | Sep 30, 2016 | Feb 12, 2022 | Common Stock | 19,686 | 19,686 | D |
| Stock OptionF6 | $10.12 | holding | — | — | — | Sep 30, 2016 | Feb 16, 2023 | Common Stock | 17,764 | 17,764 | D |
Explanation of responses
- F1I received a distribution of formerly restricted shares of stock pursuant to an amended award agreement executed on September 30, 2016 in conjunction with my retirement from the company and made an advance election to satisfy my tax payment obligations.
- F2Between March 7, 2016 and May 20, 2016, I acquired 201.9 shares of common stock under the Company's 401(k) plan.
- 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.
- F4Pursuant to QEP's Cash Incentive Plan, I forfeited these shares upon my retirement.
- F5These phantom units are associated with QEP's Cash Incentive Plan.
- F6These options vested on September 30, 2016 pursuant to an amended award agreement executed on September 30, 2016 in conjunction with my retirement.