SEC Form 4 · accession 0001209191-17-026135
CONOCOPHILLIPS · COP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Al J. Hirshberg
Officer — Executive Vice President
Period of report
Apr 4, 2017
Accepted (ET)
Apr 6, 2017 · 6:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001163165
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 4, 2017 | M | 27,966 | $49.4175 | A | 83,291 | D | |
| Common Stock | Apr 4, 2017 | F | 11,075 | $49.4175 | D | 72,216 | D | |
| Common Stock | Apr 4, 2017 | M | 14,887 | $49.4175 | A | 87,103 | D | |
| Common Stock | Apr 4, 2017 | F | 5,896 | $49.4175 | D | 81,207 | D | |
| Common Stock | holding | — | — | — | 4,000 | I | As Trustee for The Charles S. Hirshberg, MD Revocable Trust | |
| Common Stock | holding | — | — | — | 5,000 | I | As Trustee for The Charles S. Hirshberg, MD and Dorothy W. Hirshberg Family Trust | |
| Common StockF1 | holding | — | — | — | 1,407 | I | By ConocoPhillips Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitsF2,F3,F4 | — | Apr 4, 2017 | M | 27,966 | D | — | — | Common Stock | 27,966 | 14,887 | D |
| Stock UnitsF2,F3,F4 | — | Apr 4, 2017 | M | 14,887 | D | — | — | Common Stock | 14,887 | 0 | D |
Explanation of responses
- F1Includes units acquired through routine dividend transactions that are exempt under rule 16a-11.
- 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) April 4, 2017. During the escrow period, the reporting person may not dispose of the stock units. The stock units will be settled in shares on the later of (a) the end of the escrow period or (b) the earlier of (i) death (ii) April 4, 2017 or (iii) six months after separation from service in which case the stock units will be settled in shares based on the fair market value of the units on that date. The reporting person may also elect to defer settlement of stock units until a later date.
- F4The stock units do not have an expiration date.