SEC Form 3 · accession 0001209191-17-003657
QEP RESOURCES, INC. · QEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael K Watanabe
Officer — Vice President-Land
Period of report
Jan 3, 2017
Accepted (ET)
Jan 13, 2017 · 4:00 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 Stock | holding | — | — | — | 54,487 | D | ||
| Common Stock | holding | — | — | — | 11,540 | 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 UnitsF1 | $0.00 | holding | — | — | — | — | — | Phantom Stock Units | 1,088 | — | D |
| Phantom Stock UnitsF2 | $0.00 | holding | — | — | — | — | — | Phantom Stock Units | 19,089 | — | D |
| Stock Option | $29.38 | holding | — | — | — | Sep 5, 2015 | Nov 1, 2019 | Common Stock | 3,625 | — | D |
| Stock Option | $30.12 | holding | — | — | — | Mar 5, 2016 | Feb 13, 2020 | Common Stock | 6,528 | — | D |
| Stock OptionF3 | $31.74 | holding | — | — | — | — | Feb 13, 2021 | Common Stock | 5,995 | — | D |
| Stock OptionF4 | $21.69 | holding | — | — | — | — | Feb 12, 2022 | Common Stock | 11,483 | — | D |
| Stock OptionF5 | $10.12 | holding | — | — | — | — | Feb 16, 2023 | Common Stock | 10,362 | — | D |
Explanation of responses
- F1Phantom 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.
- F2These phantom units are associated with QEP's Cash Incentive Plan.
- F3The 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.
- F4The 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.
- F5The 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.