SEC Form 4 · accession 0001209191-16-155909
REX ENERGY CORP · REXX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric L Mattson
Director
Period of report
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001397516
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 15, 2016 | M | 679 | $0.00 | A | 100,533 | D | |
| Common StockF1 | Dec 15, 2016 | D | 679 | $0.00 | D | 99,854 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1 | — | Dec 15, 2016 | M | 679 | D | Dec 15, 2016 | Dec 15, 2016 | Common Stock | 679 | 33,427 | D |
Explanation of responses
- F1This filing represents the deemed conversion of phantom stock into cash. On December 15, 2016, the reporting person had an award of phantom stock that vested in accordance with the provisions in a grant made on December 15, 2013. Each share of phantom stock was the economic equivalent of one share of REXX common stock. The phantom shares were settled in cash based on the market closing price on December 14, 2016. No shares were actually issued, converted, or sold in connection with this transaction.