SEC Form 4 · accession 0001209191-17-051392
REX ENERGY CORP · REXX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Lombardi
Director
Period of report
Sep 1, 2017
Accepted (ET)
Sep 5, 2017 · 4:59 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 | Sep 1, 2017 | M | 1,473 | $0.00 | A | 11,801 | D | |
| Common StockF1,F2 | Sep 1, 2017 | D | 1,473 | $0.00 | D | 10,328 | 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,F2 | — | Sep 1, 2017 | M | 1,473 | D | Sep 1, 2017 | Sep 1, 2017 | Common Stock | 1,473 | 1,870 | D |
Explanation of responses
- F1This filing represents the deemed conversion of phantom stock into cash. On September 1, 2017, the reporting person had phantom stock awards that vested in accordance with the provisions in grants made on December 15, 2014, October 1, 2015, and October 1, 2016. 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 August 31, 2017. No shares were actually issued, converted, or sold in connection with this transaction.
- F2Beneficial ownership reflects a 10 for 1 reverse stock split that was effective May 15, 2017.