SEC Form 4 · accession 0001209191-17-051405
REX ENERGY CORP · REXX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lance T Shaner
Director
Period of report
Sep 1, 2017
Accepted (ET)
Sep 5, 2017 · 5:07 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 | 332,846 | D | |
| Common StockF1,F2 | Sep 1, 2017 | D | 1,473 | $0.00 | D | 331,373 | D | |
| Common StockF2,F3 | holding | — | — | — | 37,500 | I | Shaner Capital L.P. | |
| Common StockF2,F3 | holding | — | — | — | 48,742 | I | Shaner Family Partners L.P. | |
| Common StockF2,F3 | holding | — | — | — | 42,633 | I | Shaner Family Foundation | |
| Common StockF2,F3 | holding | — | — | — | 19,999 | 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,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.
- 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 purpose of Section 16 or any other purpose.