SEC Form 4 · accession 0001209191-17-008818
QEP RESOURCES, INC. · QEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher K Woosley
Officer — VP, GC, and Corp Secretary
Period of report
Feb 7, 2017
Accepted (ET)
Feb 8, 2017 · 5:35 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 | — | — | — | 86,444 | D | ||
| Common Stock | holding | — | — | — | 1,346 | 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,F2 | $0.00 | Feb 7, 2017 | A | 3,131 | A | — | — | Phantom Stock Units | 3,131 | 54,217 | D |
| Phantom Stock UnitsF3,F2 | $0.00 | Feb 7, 2017 | M | 11,827 | D | — | — | Phantom Stock Units | 11,827 | 42,390 | D |
| Stock Option | $28.67 | holding | — | — | — | Sep 5, 2015 | Aug 1, 2019 | Common Stock | 9,892 | 9,892 | D |
| Stock Option | $30.12 | holding | — | — | — | Mar 5, 2016 | Feb 13, 2020 | Common Stock | 14,143 | 14,143 | D |
| Stock OptionF4 | $31.74 | holding | — | — | — | — | Feb 13, 2021 | Common Stock | 12,535 | 12,535 | D |
| Stock OptionF5 | $21.69 | holding | — | — | — | — | Feb 12, 2022 | Common Stock | 29,528 | 29,528 | D |
| Stock OptionF6 | $10.12 | holding | — | — | — | — | Feb 16, 2023 | Common Stock | 26,645 | 26,645 | D |
Explanation of responses
- F1Represents the above-target earned portion of the phantom stock units (PSUs). In 2014, QEP granted 8,696 PSUs, which amount was equal to the cash amount to be received if target performance was achieved. Payout was made at 136 percent.
- F2These units are associated with QEP's Cash Incentive Plan.
- F3In accordance with QEP's Cash Incentive Plan, the total represents PSUs on which payout was made in cash at 136 percent of target, including target PSUs granted in 2014 and above-target PSUs earned based on performance.
- F4The 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.
- 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.
- F6The 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.