SEC Form 4 · accession 0000899243-16-010663
Approach Resources Inc · AREX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Qingming Yang
Officer — Chief Operating Officer
Period of report
Dec 31, 2015
Accepted (ET)
Jan 4, 2016 · 6:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001405073
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2015 | F | 8,856 | $0.00 | D | 435,692 | D | |
| Common StockF2 | Dec 31, 2015 | D | 13,469 | $0.00 | D | 422,223 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a portion of the tax liability on December 31, 2015, by withholding 8,856 shares incident to the vesting of securities under Restricted Stock Award Agreements dated February 21, 2012, February 20, 2013, and February 21, 2014 between the Reporting Person and the Issuer.
- F2Represents shares granted on February 20, 2013 which were subject to the issuer's three-year total shareholder return (TSR) performance. As of December 31, 2015, TSR metrics were not met and the 13,469 shares were forfeited.