SEC Form 4 · accession 0001209191-18-054474
CONOCOPHILLIPS · COP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan Michael Lance
Officer — Chairman and CEO · Director
Period of report
Oct 4, 2018
Accepted (ET)
Oct 9, 2018 · 10:50 am 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 StockF1 | Oct 4, 2018 | M | 1,166 | — | A | 46,363 | D | |
| Common StockF2 | Oct 4, 2018 | D | 1,334 | $78.2325 | D | 45,029 | D | |
| Common Stock | holding | — | — | — | 49,822 | I | By Lance Family Trust | |
| Common StockF3 | holding | — | — | — | 12,727 | 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 UnitsF4,F5,F6 | — | Oct 4, 2018 | M | 1,166 | D | Oct 4, 2018 | — | Common Stock | 1,166 | 4,668 | D |
Explanation of responses
- F1Each stock unit was the economic equivalent of one share of common stock.
- F2Includes common stock resulting from Mr. Lance's request of the Human Resources and Compensation Committee ("HRCC") to diversify a portion of his holdings by cancelling 1,166 restricted stock units and 168 shares of restricted stock and creating an account in the Key Employee Deferred Compensation Plan of similar value. The HRCC has customarily reviewed such requests after (1) the employee has reached age 55 and (2) the request has aged approximately one year. Only equity awards earned and vested prior to 2005 are subject to this review. The HRCC approved the request on October 4, 2018.
- F3Includes units acquired through routine dividend transactions that are exempt under rule 16a-11 and through a qualified plan that are exempt under rule 16a-3.
- F4The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
- F5On October 4, 2018, the HRCC approved a request of Mr. Lance to diversify a portion of his restricted stock unit holdings by cancelling the units and creating an account in the Key Employee Deferred Compensation Plan of similar value. The HRCC has customarily reviewed such requests after (1) the employee has reached age 55 and (2) the request has aged approximately one year. Only equity awards earned and vested prior to 2005 are subject to this review.
- F6The stock units do not have an expiration date.