SEC Form 4 · accession 0001209191-19-012218
CONOCOPHILLIPS · COP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L. Bullock Jr.
Officer — President
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 5:50 pm 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 19, 2019 | M | 57,800 | — | A | 75,158 | D | |
| Common Stock | Feb 19, 2019 | D | 35,056 | $69.595 | D | 40,102 | D | |
| Common Stock | Feb 19, 2019 | F | 22,744 | $69.595 | D | 17,358 | D | |
| Common StockF2 | holding | — | — | — | 4,430 | I | By ConocoPhillips Savings Plan | |
| Common StockF3 | holding | — | — | — | 133 | I | By William L. Bullock Family Trust | |
| Common StockF4 | holding | — | — | — | 133 | I | By Mother |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitsF5,F6,F7 | — | Feb 19, 2019 | M | 57,800 | D | — | — | Common Stock | 57,800 | 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 reporting person holds a Power of Attorney for the trustee of the William L. Bullock Family Trust. The reporting person is among the beneficiaries of the trust. The reporting person disclaims beneficial ownership of the ConocoPhillips common stock held by the trust except to the extent of his pecuniary interest therein.
- F4The reporting person is the guardian of his mother's estate and is among the beneficiaries of the estate. The reporting person disclaims beneficial ownership of his mother's shares to the extent he does not have a pecuniary interest in such shares.
- F5The stock units represent ConocoPhillips common stock on a 1-for-1 basis.
- F6The 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 19, 2019. 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 19, 2019 or (ii) 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 settlement of stock units until a later date.
- F7The stock units do not have an expiration date.