SEC Form 4 · accession 0001209191-17-011488
CONOCOPHILLIPS · COP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenda Mae Schwarz
Officer — VP & Controller
Period of report
Feb 14, 2017
Accepted (ET)
Feb 16, 2017 · 4:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001163165
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (rights to buy)F1 | $49.755 | Feb 14, 2017 | A | 36,200 | A | — | Feb 14, 2027 | Common Stock | 36,200 | 36,200 | D |
| Stock UnitsF2,F3,F4 | — | Feb 14, 2017 | A | 5,577 | A | — | — | Common Stock | 5,577 | 5,577 | D |
Explanation of responses
- F1The stock options become exercisable in three equal annual installments beginning on February 14, 2018.
- F2The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
- F3The stock units will be forfeited if the reporting person separates from service prior to the end of an escrow period ending on the earliest to occur of the following: (a) termination of employment as a result of layoff; (b) termination of employment after attainment of age 55 with five years of service; (c) termination of employment due to death or total disability; (d) termination of employment following a change in control; or (e) February 18, 2017. During the escrow period, the reporting person may not dispose of the stock units. The stock units will be settled in cash on the later of (a) the end of the escrow period or (b) the earlier of (i) death (ii) February 18, 2017 or (iii) six months after separation from service in which case the stock units will be settled in cash based on the fair market value of the units on that date. The reporting person may also elect to defer all or part of the settlement value of the units to a later date.
- F4The stock units do not have an expiration date.