SEC Form 4 · accession 0001209191-18-011798
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
Feb 17, 2018
Accepted (ET)
Feb 21, 2018 · 11:10 am EST
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 StockF1 | Feb 17, 2018 | M | 25,920 | — | A | 81,207 | D | |
| Common Stock | Feb 17, 2018 | D | 16,798 | $54.645 | D | 81,207 | D | |
| Common Stock | Feb 17, 2018 | F | 9,122 | $54.645 | 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 StockF2 | holding | — | — | — | 1,431 | 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 UnitsF3,F4,F5 | — | Feb 17, 2018 | M | 25,920 | D | — | — | Common Stock | 25,920 | 0 | D |
Explanation of responses
- F1Each stock unit was the economic equivalent of one share of common stock. The shares settled in cash.
- F2Includes units acquired through routine dividend transactions that are exempt under rule 16a-11.
- F3The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
- F4The 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 17, 2018. 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 17, 2018 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.
- F5The stock units do not have an expiration date.