SEC Form 4/A · accession 0001209191-17-021350
REX ENERGY CORP · REXX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Lance T Shaner
Director
Period of report
Dec 15, 2016
Accepted (ET)
Mar 17, 2017 · 4:13 pm EDT
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,F2 | Dec 15, 2016 | M | 679 | $0.00 | A | 3,286,364 | D | |
| Common StockF1,F2 | Dec 15, 2016 | D | 679 | $0.00 | D | 3,285,685 | D | |
| Common StockF3 | holding | — | — | — | 375,000 | I | Shaner Capital L.P. | |
| Common StockF3 | holding | — | — | — | 487,428 | I | Shaner Family Partners L.P. | |
| Common StockF3 | holding | — | — | — | 426,338 | I | Shaner Family Foundation | |
| Common StockF3 | holding | — | — | — | 199,996 | I | Ellen R. Shaner Revocable Trust |
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.
- F2This Amended Form 4 was filed solely to correct the amount of securities beneficially owned following reported transactions.
- F3The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 of the Securities Exchange Act or for any other purpose.