SEC Form 4 · accession 0001209191-18-008773
QEP RESOURCES, INC. · QEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alice B Ley
Officer — VP and Controller
Period of report
Feb 7, 2018
Accepted (ET)
Feb 9, 2018 · 3:36 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 | — | — | — | 38,747 | D |
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, 2018 | M | 4,236 | D | — | — | Common Stock | — | 21,732 | D |
| Stock Option | $28.43 | holding | — | — | — | Mar 5, 2017 | Mar 3, 2021 | Common Stock | 6,061 | 6,061 | D |
| Stock OptionF3 | $21.69 | holding | — | — | — | — | Feb 12, 2022 | Common Stock | 12,058 | 12,058 | D |
| Stock OptionF4 | $10.12 | holding | — | — | — | — | Feb 16, 2023 | Common Stock | 10,880 | 10,880 | D |
| Stock OptionF5 | $16.98 | holding | — | — | — | — | Feb 13, 2024 | Common Stock | 10,237 | 10,237 | D |
Explanation of responses
- F1In February 2015, QEP's Compensation Committee granted 4,236 PSUs under the QEP's Cash Incentive Plan, which amount represented the number of common shares on which payout would be made in cash if target performance was achieved during the three-year performance period ended 12/31/17. Payout was earned at 85% of target, and a cash payout was made on 3,601 common shares.
- F2In February 2016 and 2017, QEP's Compensation Committee granted 13,074 PSUs and 8,658 PSUs, respectively, under the QEP's Cash Incentive Plan, which represents the number of common shares on which payout will be made in cash (or, at the election of the Compensation Committee, shares) if target relative TSR performance is achieved during the three-year performance period ending 12/31/18 and 12/31/19, respectively.
- F3The 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.
- F4The 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.
- F5The option vests in three annual installments beginning on March 5, 2018, subject to accelerated vesting upon the occurrence of certain events as set forth in the award agreement